SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Southwestern Energy Company of Commencement of a Class Acti...
October 28 2016 - 3:08PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Southwestern Energy Company
(“Southwestern”) (NYSE:SWN) pursuant to
the Company’s convertible preferred stock offering on or around
January 15, 2015.
You are hereby notified that a securities class action
lawsuit has been commenced in the District Court of Harris County,
Texas. If you purchased or otherwise acquired Southwestern
securities pursuant to the offering your rights may be affected by
this action. To get more information go to:
http://zlk.9nl.com/southwestern-energy-swn
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The complaint alleges that the Offering and Registration
Statement issued pursuant to the offering contained untrue
statements and omitted material information. On January 15, 2015,
Southwestern sold 30,000,000 depositary shares at a price of $50.00
per share. Then on January 21, 2016, Southwestern revealed it would
cut 1,100 positions. Then on February 25, 2016, the Company
announced it would “temporarily halt its drilling activities…” Then
on April 28, 2016, a class action was filed against Southwestern
alleging that it was shortchanging natural gas drilling rights
holders. Finally, on June 9, 2016, Southwestern announced it had
sold 55,000 net acres of land in West Virginia in order to reduce
the principal balance of its term loan. Following these
revelations, shares of Southwestern have fallen over 39
percent.
If you suffered a loss in Southwestern and would like to
obtain additional information, contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/southwestern-energy-swn.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161028005854/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel: (212)
363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com
Southwestern Energy (NYSE:SWN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Southwestern Energy (NYSE:SWN)
Historical Stock Chart
From Apr 2023 to Apr 2024