Los Angeles, California--(Newsfile Corp. - November 30, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Camber Energy, Inc. ("Camber" or "the Company") (NYSE American: CEI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between February 18, 2021, and October 4, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before December 28, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Camber overstated the business prospects of Viking Energy Group, Inc. ("Viking") as well as its combined post-merger business. The Company failed to inform investors that its investment in Viking would add strain to its already tenuous financial stability. An institutional investor was diluting the Company's shares after its July 12, 2021 update to investors detailing the number of shares of common stock issued and outstanding. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Camber, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
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