LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC , a shareholder rights firm, announces the filing of a class action lawsuit against Jagged Peak Energy Inc. (“Jagged Peak” or the “Company”) (NYSE: JAG) for possible violations of federal securities laws pursuant and/or traceable to its initial public offering on January 27, 2017 (“IPO”). Investors who purchased or otherwise acquired shares on or about the IPO should contact the firm.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at firstname.lastname@example.org.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.
According to the Complaint, Jagged made materially false and misleading statements, and/or failed to disclose material information, in the documents filed in connection with its IPO. On January 27, 2017, the Company held its IPO at $15 per share. The documents filed for the IPO failed to disclose the risks of its acreage, specifically that many of its wells were positioned in an area where extractability had not been tested and therefore there was significant risk that its wells would produce less than other wells in the Southern Delaware Basin. Since the IPO, Jagged’s stock price has fallen materially according to the Complaint.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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