{"id":459909,"date":"2021-03-17T11:18:32","date_gmt":"2021-03-17T15:18:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459909"},"modified":"2021-03-17T11:18:32","modified_gmt":"2021-03-17T15:18:32","slug":"the-law-offices-of-frank-r-cruz-announces-the-filing-of-a-securities-class-action-on-behalf-of-range-resources-corporation-rrc-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-the-filing-of-a-securities-class-action-on-behalf-of-range-resources-corporation-rrc-investors\/","title":{"rendered":"The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Range Resources Corporation (RRC) Investors"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n LOS ANGELES<\/span>, March 17, 2021<\/span> \/PRNewswire\/ —\u00a0The Law Offices of Frank R. Cruz<\/span><\/a> announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Range Resources Corporation (“Range Resources” or the “Company”) (NYSE: RRC) common stock between April 29, 2016<\/span> and February 10, 2021<\/span><\/b>, inclusive (the “Class Period”). Range Resources investors have until May 3, 2021<\/span><\/b>to file a lead plaintiff motion.<\/p>\n

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\n \"(PRNewsfoto\/The
\n <\/a>\n <\/p>\n<\/p><\/div>\n

If you are a shareholder who suffered a loss, click here<\/a> to participate.<\/p>\n

On February 10, 2021<\/span>, Pennsylvania’s<\/span> Department of Environmental Protection (the “DEP”) announced that Range Resources had paid a $294,000<\/span> civil penalty to the agency on January 8, 2021<\/span> for violating the 2012 Oil and Gas Act.\u00a0 According to the DEP’s investigation, “between Tuesday, July 16, 2013<\/span>, and Monday, October 11, 2017<\/span>, 42 of Range Resources’ conventional wells were placed on inactive status but were never used again” and that several of the Company’s “wells had not been in use for 12 months at the time Range Resources submitted its applications for inactive status,” even though “after 12 consecutive months of no production, the well would be classified as abandoned and must be plugged.”\u00a0 In addition to paying the DEP’s civil penalty, Range Resources was ultimately required to plug the wells the agency identified as having no viable future use to remediate the issue.<\/p>\n

On this news, Range Resource’s stock price fell $0.62<\/span> per share, or 6.08%, to close at $9.57<\/span> per share on February 11, 2021<\/span>, thereby injuring investors. <\/p>\n

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Range Resources had improperly designated the status of its wells in Pennsylvania<\/span> since at least 2013; (2) the foregoing conduct subjected the Company to a heightened risk of regulatory investigation and enforcement, as well as artificially decreased the Company’s periodically reported cost estimates to plug and abandon its wells; (3) the Company was the subject of a DEP investigation from sometime between September 2017<\/span> to January 2021<\/span> for improperly designating the status of its wells; (4) the DEP investigation foreseeably would and ultimately did lead to the Company incurring regulatory fines; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

Follow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.<\/p>\n

If you purchased Range Resources securities during the Class Period, you may move the Court no later than May 3, 2021<\/span><\/b>to ask the Court to appoint you as lead plaintiff.\u00a0 To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.\u00a0 If you purchased Range Resources 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 Frank R. Cruz<\/span>, of The Law Offices of Frank R. Cruz<\/span>, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California<\/span> 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. \u00a0If you inquire by email please include your mailing address, telephone number, and number of shares purchased.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/the-law-offices-of-frank-r-cruz-announces-the-filing-of-a-securities-class-action-on-behalf-of-range-resources-corporation-rrc-investors-301247213.html<\/a><\/p>\n

SOURCE The Law Offices of Frank R. Cruz<\/span>, Los Angeles<\/span><\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LOS ANGELES, March 17, 2021 \/PRNewswire\/ —\u00a0The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Range Resources Corporation (“Range Resources” or the “Company”) (NYSE: RRC) common stock between April 29, 2016 and February 10, 2021, inclusive (the “Class Period”). Range Resources investors have until May 3, 2021to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. On February 10, 2021, Pennsylvania’s Department of Environmental Protection (the “DEP”) announced that Range Resources had paid a $294,000 civil penalty to the agency on January 8, 2021 for violating the 2012 Oil and Gas … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Range Resources Corporation (RRC) Investors”<\/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-459909","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. 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