Lawsuit for Investors in NYSE: JAG shares against Jagged Peak Energy Inc. Announced by Shareholders Foundation
SAN DIEGO, CA, June 13, 2017 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who purchased NYSE: JAG shares against Jagged Peak Energy Inc. over alleged Securities Laws Violations.
Investors who purchased shares of Jagged Peak Energy Inc. (NYSE: JAG) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On January 27, 2017, Jagged Peak Energy Inc. initiated its initial public offering ("IPO") of common stock to the public, and began trading on the New York Stock Exchange. During the IPO, Jagged Peak and selling stockholders sold over 31 million shares at $15.00 per share, raising $474 million of gross proceeds.
The plaintiff claims that certain officials at Jagged Peak Energy Inc. issued certain misleading statements in the registration statement and incorporated offering materials that the company filed with the U.S. Securities and Exchange Commission in support of the IPO. More specifically, the plaintiff alleges Jagged Peak Energy Inc. presented a highly positive picture of the company's business, performance, prospects, and acreage, while omitting that many of its wells were positioned in an area where extractability had not been tested, therefore presenting a significant risk that its wells would produce less than other wells in the Southern Delaware Basin.
Since the IPO, shares of Jagged Peak Energy Inc. have fallen approximately 20%.
Those who purchased Jagged Peak Energy Inc. (NYSE: JAG) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
