Range to Fight Lawsuit

摘要

Range Resources said it will"vigorously"fight a federal class action lawsuit filed against it on behalf of Range shareholders who purchased common stock between Apr. 29,2016,and Feb. 10,2021."The allegations made in the lawsuit are baseless，"the Appalachia-focused gas producer told Energy Intelligence. In a Mar. 4 filing in US District Court for the Western District of Pennsylvania,law firm Federman & Sherwood said during that period Range violated federal securities laws by issuing"a series of material or false misrepresentations to the market，"which had the effect of artificially inflating the market price.