LOS ANGELES–(BUSINESS WIRE) – Schall law firm, a national shareholder rights law firm, announces the filing of a class action lawsuit against Ultra Petroleum Corp. (“Ultra” or “the Company”) (OTC: UPLCQ) for violating Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 by the US Securities and Exchange Commission were published.
Investors who purchased the Company's securities between April 13, 2017 and August 8, 2019 (including the “Class Period”) are advised to contact the Company before November 2, 2020.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company's website at www.schallfirm.com or by email at email@example.com.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don't take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. Ultra has overstated its proven reserves by hundreds of millions of dollars. In fact, the company's proven reserves were of little value due to their inferior deposits. The company failed to meet its production and development estimates. The company's business was much less flexible than claimed, which resulted in its being unable to withstand even a minor market decline. Because of these facts, the company's public statements were false and materially misleading throughout the teaching period. When the market learned the truth about Ultra, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
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