SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Camber Energy, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 28, 2021
New York, New York – (Newsfile Corp. – November 15, 2021) – The Gross Law Firm’s securities litigation firm is issuing the following announcement on behalf of the shareholders of Camber Energy, Inc. (NYSE American: CEI).
Shareholders who have acquired shares in CEI during the listed collection period are encouraged to contact the company regarding a possible appointment as lead plaintiff. The appointment as lead plaintiff is not required to participate in a recovery.
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CLASS PERIOD: February 18, 2021 to October 4, 2021
ALLEGES: The lawsuit alleges that, during the class action period, defendants made materially false and / or misleading statements and / or failed to disclose: (i) Camber overstated the financial and business prospects of Viking and the combined company following the merger ; (ii) Camber has failed to inform and / or downplay investors that acquiring a controlling interest in Viking would exacerbate the company’s overdue financial statements and listing requirements on the NYSE; (iii) an institutional investor significantly diluted Camber’s shares following the company’s update of July 12, 2021 in relation to the number of its common shares issued and outstanding; and (iv) as a result, the Company’s public statements at all relevant times have been materially false and misleading.
END: December 28, 2021 Shareholders should not hesitate to register for this class action. Register your information here: https://securitiesclasslaw.com/securities/camber-energy-inc-loss-submission-form/?id=21237&from=5
NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who has bought shares in CEI during the above period, you will be included in portfolio monitoring software that will provide you with status updates throughout the life cycle of the case. The deadline for filing a lead plaintiff is December 28, 2021. You will not incur any cost or obligation to participate in these proceedings.
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WHY BRUTTO LAW? Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered from fraud, fraud and illegal business practices. The law firm Gross is committed to ensuring that companies adhere to responsible business practices and participate in good corporate citizenship. The Company seeks reparation on behalf of investors who have suffered losses when false and / or misleading disclosure or failure to provide material information by a company results in artificial inflation of the Company’s shares. Lawyer advertising. Previous results do not guarantee similar results.
The law firm Gross is committed to ensuring that companies adhere to responsible business practices and participate in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and / or misleading information or failure to provide material information by a company results in artificial inflation of the company’s shares. Lawyer advertising. Previous results do not guarantee similar results.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103701