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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Glancy Prongay & Murray LLP Announces Investigation on Behalf of Alta Mesa Resources, Inc. f/k/a Silver Run Acquisition Corporation Investors

February 28, 2019

LOS ANGELES--(BUSINESS WIRE)--Feb 27, 2019--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Alta Mesa Resources, Inc. (“Alta Mesa” or the “Company”) (NASDAQ:  AMR ) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click  here  to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to  shareholders@glancylaw.com, or visit our website at  www.glancylaw.com.

On February 25, 2019, the Company announced that it “had an ineffective internal control over financial reporting due to an identified material weakness in both the design of its controls and the execution of its control procedures.” The Company further disclosed that “Alta Mesa Resources expects to record material, non-cash asset impairment charges” of approximately $3.1 billion.

On this news, Alta Mesa’s share price fell approximately $0.58, or nearly 64%, to close at $0.33 per share on February 26, 2019, thereby injuring investors.

If you purchased Alta Mesa securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9244, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190227006086/en/

CONTACT: Glancy Prongay and Murray LLP, Los Angeles

Lesley Portnoy, 310-201-9150 or 888-773-9224

www.glancylaw.com

shareholders@glancylaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2019.

PUB: 02/27/2019 09:36 PM/DISC: 02/27/2019 09:36 PM

http://www.businesswire.com/news/home/20190227006086/en