{"id":388248,"date":"2020-11-24T19:58:05","date_gmt":"2020-11-25T00:58:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388248"},"modified":"2020-11-24T19:58:05","modified_gmt":"2020-11-25T00:58:05","slug":"rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\/","title":{"rendered":"ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Berry Corporation; Encourages Investors with Losses in Excess of $100K to Contact the Firm &#8211; BRY"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Nov. 24, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Berry Corporation (NASDAQ: BRY): (a) pursuant and\/or traceable to the Company&#8217;s initial public offering conducted on or about <span class=\"xn-chron\">July 26, 2018<\/span> (the &#8220;IPO&#8221; or &#8220;Offering&#8221;); or (b) between <span class=\"xn-chron\">July 26, 2018<\/span> and <span class=\"xn-chron\">November 3, 2020<\/span>, both dates inclusive (the &#8220;Class Period&#8221;). The lawsuit seeks to recover damages for Berry investors under the federal securities laws.<\/p>\n<p>To join the Berry class action, go to <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2993043-1&amp;h=1162715016&amp;u=http%3A%2F%2Fwww.rosenlegal.com%2Fcases-register-1991.html&amp;a=http%3A%2F%2Fwww.rosenlegal.com%2Fcases-register-1991.html\" rel=\"nofollow noopener noreferrer\">http:\/\/www.rosenlegal.com\/cases-register-1991.html<\/a> or call <span class=\"xn-person\">Phillip Kim, Esq.<\/span> toll-free at 866-767-3653 or email <a target=\"_blank\" href=\"mailto:pkim@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">pkim@rosenlegal.com<\/a> or <a target=\"_blank\" href=\"mailto:cases@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">cases@rosenlegal.com<\/a> for information on the class action. <\/p>\n<p>The complaint alleges that the Offering Documents were negligently prepared, and, as a result, contained untrue statements of material fact, omitted material facts necessary to make the statements contained therein not misleading, and failed to make necessary disclosures required under the rules and regulations governing their preparation. Additionally, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company&#8217;s business, operational and compliance policies. Specifically, the Offering Documents and Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Berry had materially overstated its operational efficiency and stability; (2) Berry&#8217;s operational inefficiency and instability would foreseeably necessitate operational improvements that would disrupt the Company&#8217;s productivity and increase costs; (3) the foregoing would foreseeably negatively impact the Company&#8217;s revenues; and (4) as a result, the Offering Documents and the Company&#8217;s public statements were materially false and\/or misleading and failed to state information required to be stated therein.<\/p>\n<p>On <span class=\"xn-chron\">November 3, 2020<\/span>, post-market, Berry reported its financial and operating results for the third quarter of 2020. Among other results, Berry reported non-GAAP EPS and revenue that both fell short of estimates. In addition, Berry reported that during the quarter, &#8220;the Company undertook certain operational improvements that caused temporary reductions in our production. Notably, we performed some plugging and abandonment activity that resulted in the temporary shut-in of nearby wells. Additionally, improved steam management reduced overall costs but temporarily increased water disposal and well maintenance needs, resulting in a slight decrease in production.&#8221;<\/p>\n<p>On this news, the Company&#8217;s stock price fell <span class=\"xn-money\">$0.15<\/span> per share, or 5.28%, to close at <span class=\"xn-money\">$2.69<\/span> per share on <span class=\"xn-chron\">November 4, 2020<\/span>, representing an 80.78% decline from the IPO price.<\/p>\n<p>A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court <b>no later than <span class=\"xn-chron\">January 21, 2021<\/span><\/b>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2993043-1&amp;h=1162715016&amp;u=http%3A%2F%2Fwww.rosenlegal.com%2Fcases-register-1991.html&amp;a=http%3A%2F%2Fwww.rosenlegal.com%2Fcases-register-1991.html\" rel=\"nofollow noopener noreferrer\">http:\/\/www.rosenlegal.com\/cases-register-1991.html<\/a> or to discuss your rights or interests regarding this class action, please contact <span class=\"xn-person\">Phillip Kim, Esq.<\/span> of Rosen Law Firm toll free at 866-767-3653 or via e-mail at <a target=\"_blank\" href=\"mailto:pkim@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">pkim@rosenlegal.com<\/a> or <a target=\"_blank\" href=\"mailto:cases@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">cases@rosenlegal.com<\/a>.<\/p>\n<p>NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR&#8217;S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.<\/p>\n<p>Follow us for updates on LinkedIn: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2993043-1&amp;h=2631719399&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm&amp;a=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm\" rel=\"nofollow noopener noreferrer\">https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2993043-1&amp;h=2797114291&amp;u=https%3A%2F%2Ftwitter.com%2Frosen_firm&amp;a=https%3A%2F%2Ftwitter.com%2Frosen_firm\" rel=\"nofollow noopener noreferrer\">https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2993043-1&amp;h=1451596446&amp;u=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F&amp;a=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>. <\/p>\n<p>Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm&#8217;s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n<p>Contact Information:<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0 <span class=\"xn-person\">Laurence Rosen, Esq.<\/span><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <span class=\"xn-person\">Phillip Kim, Esq.<\/span><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 The Rosen Law Firm, P.A.<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 275 Madison Avenue, 40th Floor<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <span class=\"xn-location\">New York, NY<\/span> 10016<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 Tel: (212) 686-1060<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 Toll Free: (866) 767-3653<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 Fax: (212) 202-3827<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"mailto:lrosen@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">lrosen@rosenlegal.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"mailto:pkim@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">pkim@rosenlegal.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"mailto:cases@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">cases@rosenlegal.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2993043-1&amp;h=3411866751&amp;u=http%3A%2F%2Fwww.rosenlegal.com%2F&amp;a=www.rosenlegal.com\" rel=\"nofollow noopener noreferrer\">www.rosenlegal.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC03373&amp;sd=2020-11-24\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm--bry-301180225.html\">http:\/\/www.prnewswire.com\/news-releases\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm&#8211;bry-301180225.html<\/a><\/p>\n<p>SOURCE  Rosen Law Firm, P.A.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC03373&amp;Transmission_Id=202011241955PR_NEWS_USPR_____DC03373&amp;DateId=20201124\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, Nov. 24, 2020 \/PRNewswire\/ &#8212;\u00a0Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Berry Corporation (NASDAQ: BRY): (a) pursuant and\/or traceable to the Company&#8217;s initial public offering conducted on or about July 26, 2018 (the &#8220;IPO&#8221; or &#8220;Offering&#8221;); or (b) between July 26, 2018 and November 3, 2020, both dates inclusive (the &#8220;Class Period&#8221;). The lawsuit seeks to recover damages for Berry investors under the federal securities laws. To join the Berry class action, go to http:\/\/www.rosenlegal.com\/cases-register-1991.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. The complaint alleges that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Berry Corporation; Encourages Investors with Losses in Excess of $100K to Contact the Firm &#8211; BRY&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-388248","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Berry Corporation; Encourages Investors with Losses in Excess of $100K to Contact the Firm - BRY - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Berry Corporation; Encourages Investors with Losses in Excess of $100K to Contact the Firm - BRY - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Nov. 24, 2020 \/PRNewswire\/ &#8212;\u00a0Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Berry Corporation (NASDAQ: BRY): (a) pursuant and\/or traceable to the Company&#8217;s initial public offering conducted on or about July 26, 2018 (the &#8220;IPO&#8221; or &#8220;Offering&#8221;); or (b) between July 26, 2018 and November 3, 2020, both dates inclusive (the &#8220;Class Period&#8221;). The lawsuit seeks to recover damages for Berry investors under the federal securities laws. To join the Berry class action, go to http:\/\/www.rosenlegal.com\/cases-register-1991.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. The complaint alleges that &hellip; Continue reading &quot;ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Berry Corporation; Encourages Investors with Losses in Excess of $100K to Contact the Firm &#8211; BRY&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-25T00:58:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC03373&amp;sd=2020-11-24\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Berry Corporation; 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Encourages Investors with Losses in Excess of $100K to Contact the Firm - BRY - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\/","og_locale":"en_US","og_type":"article","og_title":"ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Berry Corporation; Encourages Investors with Losses in Excess of $100K to Contact the Firm - BRY - Market Newsdesk","og_description":"PR Newswire NEW YORK, Nov. 24, 2020 \/PRNewswire\/ &#8212;\u00a0Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Berry Corporation (NASDAQ: BRY): (a) pursuant and\/or traceable to the Company&#8217;s initial public offering conducted on or about July 26, 2018 (the &#8220;IPO&#8221; or &#8220;Offering&#8221;); or (b) between July 26, 2018 and November 3, 2020, both dates inclusive (the &#8220;Class Period&#8221;). The lawsuit seeks to recover damages for Berry investors under the federal securities laws. To join the Berry class action, go to http:\/\/www.rosenlegal.com\/cases-register-1991.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. The complaint alleges that &hellip; Continue reading \"ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Berry Corporation; Encourages Investors with Losses in Excess of $100K to Contact the Firm &#8211; BRY\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-25T00:58:05+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC03373&amp;sd=2020-11-24","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-berry-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-bry\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Berry Corporation; 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