{"id":454363,"date":"2021-03-09T21:03:25","date_gmt":"2021-03-10T02:03:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454363"},"modified":"2021-03-09T21:03:25","modified_gmt":"2021-03-10T02:03:25","slug":"range-resources-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-range-resources-corporation-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/range-resources-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-range-resources-corporation-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"RANGE RESOURCES ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Range Resources Corporation and Encourages Investors to Contact the Firm"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>RANGE RESOURCES ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Range Resources Corporation and Encourages Investors to Contact the Firm<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Western District of Pennsylvania on behalf of investors that purchased Range Resources Corporation (NYSE: RRC) common stock between April 29, 2016 and February 10, 2021, inclusive (the \u201cClass Period\u201d). Investors have until May 3, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.\n<\/p>\n<p>\nClick <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fbespc.com%2Fcases%2FRRC&amp;esheet=52393534&amp;newsitemid=20210309006101&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=58842f723c406f5e3c545b1ff20676ce\">here<\/a> to participate in the action.\n<\/p>\n<p>\nRange Resources operates as an independent natural gas, natural gas liquids (\u201cNGLs\u201d), and oil company in the U.S. The Company and its subsidiary, Range Resources \u2013 Appalachia, LLC, engage in the exploration, development, and acquisition of natural gas and oil properties in, among other U.S. regions, Fayette County, Pennsylvania. As of December 31, 2019, the Company purportedly owned and operated 1,272 net producing wells in the Appalachian region, including Pennsylvania. Pennsylvania\u2019s Department of Environmental Protection (the \u201cDEP\u201d) enforces the regulations governing the correct designation of a well\u2019s status.\n<\/p>\n<p>\nOn February 10, 2021, the DEP issued a press release announcing that Range Resources had paid a $294,000 civil penalty to the agency on January 8, 2021 for violating the 2012 Oil and Gas Act. The DEP had begun investigating the Company after the agency found conflicting and inaccurate information on the status of a Company well in Fayette County, Pennsylvania\u2014specifically concerning whether the well in question was correctly designated as inactive for the purposes of DEP regulation. After subpoenaing Range Resources for information on other wells the Company had requested to designate as inactive, the DEP found that \u201cbetween July 16, 2013, and October 11, 2017, 42 of Range Resources\u2019 conventional wells were placed on inactive status but were never used again\u201d and that several of the Company\u2019s \u201cwells had not been in use for 12 months at the time Range Resources submitted its applications for inactive status,\u201d even though \u201cafter 12 consecutive months of no production, the well would be classified as abandoned and must be plugged.\u201d In addition to paying the DEP\u2019s civil penalty, Range Resources was ultimately required to plug the wells the agency identified as having no viable future use to remediate the issue.\n<\/p>\n<p>\nThe following day, Range Resources\u2019 stock price fell $0.62 per share, or 6.08%, from its closing price on February 10, 2021, to close at $9.57 per share on February 11, 2021.\n<\/p>\n<p>\nThe complaint, filed on March 4, 2021, alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Company\u2019s business, operations, and compliance policies. Specifically, defendants made false and\/or misleading statements and\/or failed to disclose that: (i) Range Resources had improperly designated the status of its wells in Pennsylvania since at least 2013; (ii) the foregoing conduct subjected the Company to a heightened risk of regulatory investigation and enforcement, as well as artificially decreased the Company\u2019s periodically reported cost estimates to plug and abandon its wells; (iii) the Company was the subject of a DEP investigation from sometime between September 2017 to January 2021 for improperly designating the status of its wells; (iv) the DEP investigation foreseeably would and ultimately did lead to the Company incurring regulatory fines; and (v) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.\n<\/p>\n<p>\nIf you purchased Range Resources common stock during the Class Period and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker, Melissa Fortunato, or Marion Passmore by email at <a rel=\"nofollow\" href=\"mailto:investigations@bespc.com\">investigations@bespc.com<\/a>, telephone at (212) 355-4648, or by <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fbespc.com%2Fcases%2FRRC&amp;esheet=52393534&amp;newsitemid=20210309006101&amp;lan=en-US&amp;anchor=filling+out+this+contact+form.&amp;index=2&amp;md5=d92d9cbedc54df0c5c72c57d934d27c8\">filling out this contact form.<\/a> There is no cost or obligation to you.\n<\/p>\n<p><b>About Bragar Eagel &amp; Squire, P.C.:<\/b><\/p>\n<p>\nBragar Eagel &amp; Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bespc.com&amp;esheet=52393534&amp;newsitemid=20210309006101&amp;lan=en-US&amp;anchor=www.bespc.com&amp;index=3&amp;md5=020687ef89de236b4e329d97c2575ee3\">www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210309006101r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210309006101\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210309006101\/en\/<\/a><\/span><\/p>\n<p>\nBragar Eagel &amp; Squire, P.C.<br \/>\n<br \/>Brandon Walker, Esq.<br \/>\n<br \/>Melissa Fortunato, Esq.<br \/>\n<br \/>Marion Passmore, Esq.<br \/>\n<br \/>(212) 355-4648<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investigations@bespc.com\">investigations@bespc.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bespc.com&amp;esheet=52393534&amp;newsitemid=20210309006101&amp;lan=en-US&amp;anchor=www.bespc.com&amp;index=4&amp;md5=45fbf218e932547271804e8bc8fb3954\">www.bespc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210309006101\/en\/538768\/3\/BES_Mark.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RANGE RESOURCES ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Range Resources Corporation and Encourages Investors to Contact the Firm NEW YORK&#8211;(BUSINESS WIRE)&#8211; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Western District of Pennsylvania on behalf of investors that purchased Range Resources Corporation (NYSE: RRC) common stock between April 29, 2016 and February 10, 2021, inclusive (the \u201cClass Period\u201d). Investors have until May 3, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. Range Resources operates as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/range-resources-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-range-resources-corporation-and-encourages-investors-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RANGE RESOURCES ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Range Resources Corporation and Encourages Investors to Contact the Firm&#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-454363","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>RANGE RESOURCES ALERT: Bragar Eagel &amp; Squire, P.C. 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Announces That a Class Action Lawsuit Has Been Filed Against Range Resources Corporation and Encourages Investors to Contact the Firm NEW YORK&#8211;(BUSINESS WIRE)&#8211; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Western District of Pennsylvania on behalf of investors that purchased Range Resources Corporation (NYSE: RRC) common stock between April 29, 2016 and February 10, 2021, inclusive (the \u201cClass Period\u201d). Investors have until May 3, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. Range Resources operates as &hellip; Continue reading &quot;RANGE RESOURCES ALERT: Bragar Eagel &amp; Squire, P.C. 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Announces That a Class Action Lawsuit Has Been Filed Against Range Resources Corporation and Encourages Investors to Contact the Firm NEW YORK&#8211;(BUSINESS WIRE)&#8211; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Western District of Pennsylvania on behalf of investors that purchased Range Resources Corporation (NYSE: RRC) common stock between April 29, 2016 and February 10, 2021, inclusive (the \u201cClass Period\u201d). Investors have until May 3, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. Range Resources operates as &hellip; Continue reading \"RANGE RESOURCES ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Range Resources Corporation and Encourages Investors to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/range-resources-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-range-resources-corporation-and-encourages-investors-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-10T02:03:25+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210309006101r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","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\/range-resources-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-range-resources-corporation-and-encourages-investors-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/range-resources-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-range-resources-corporation-and-encourages-investors-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RANGE RESOURCES ALERT: Bragar Eagel &amp; Squire, P.C. 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