INVESTOR ALERT: Class Action Lawsuit Against SandRidge Energy, Inc. Announced by Law Offices of Howard G. Smith

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Western District of Oklahoma on behalf of purchasers of the securities of SandRidge Energy, Inc. (“SandRidge” or the “Company”) (NYSE:SD) between March 1, 2013 and November 4, 2014, inclusive (the “Class Period”).

SandRidge, together with its subsidiaries, is engaged in the exploration and production of oil and natural gas properties primarily in the Mid-Continent region of the United States. The Complaint alleges that defendants issued materially false and misleading statements concerning the Company’s operations and financial performance.

On November 4, 2014, SandRidge disclosed that the Division of Corporation Finance of the Securities and Exchange Commission requested that the Company reassess how it accrues liability for certain annual penalty fees related to the Company’s 30-year agreement with Occidental Petroleum Corporation for the delivery of CO₂ to Occidental and the removal of CO₂ from the Company’s delivered natural gas production. As a result, the Audit Committee of the Company’s board of directors has concluded that the consolidated financial statements included in its annual reports on Form 10-K and certain quarterly reports filed for periods ended December 31, 2012, March 31, 2013, June 30, 2013, September 30, 2013, December 31, 2013, March 31, 2014 and June 30, 2014, cannot be relied upon.

If you are a member of the Class described above, you have until January 12, 2015, to move the Court to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.