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Investigation for Long-Term Investors in shares of Camber Energy, Inc. (NYSE: CEI) announced

01-29-2022 05:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Camber Energy, Inc. (NYSE: CEI) shares.

An investigation on behalf of current long term investors in Camber Energy, Inc. (NYSE: CEI) shares.

An investigation was announced over potential breaches of fiduciary duties by certain directors and officers of Camber Energy, Inc..

Investors who are current long term investors in Camber Energy, Inc. (NYSE: CEI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: CEI stocks follows a lawsuit filed against Camber Energy, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CEI stocks, concerns whether certain Camber Energy directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Camber Energy, Inc overstated the financial and business prospects of Viking as well as the combined company post-Merger, that Camber Energy, Inc failed to apprise investors of, and/or downplayed, the fact that its acquisition of a controlling interest in Viking would exacerbate the Company’s delinquent financial statements and listing obligations with the NYSE, that an institutional investor was diluting Camber’s shares at a significant rate following the Company’s July 12, 2021 update regarding the number of its shares of common stock issued and outstanding, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Camber Energy, Inc. (NYSE: CEI) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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