LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased Warren Resources, Inc. (“Warren Resources” or the “Company”) (NASDAQ: WRES) (OTC: WRESQ) securities between November 4, 2014 and June 2, 2016, inclusive (the “Class Period”). Warren Resources investors have until October 11, 2016 to file a lead plaintiff motion.
Investors suffering losses on their Warren Resources investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to firstname.lastname@example.org.
According to the complaint filed in this lawsuit, throughout the Class Period, Warren Resources and certain of its executive officers misled investors regarding the solvency of the Company by issuing false and/or misleading statements to investors. For example, while Warren Resources had claimed that the Company was “well positioned” to “ride out” and “successfully navigate” … “market fluctuations”, the Company nonetheless filed for Chapter 11 Bankruptcy on June 2, 2016.
If you purchased shares of Warren Resources during the Class Period you may move the Court no later than October 11, 2016 to ask the Court to appoint you 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 you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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