radnor pennsylvania nov 28 2021 newsfile corp via comtex  radnor pennsylvanianewsfile corp  november 28 2021  the law firm of kessler topaz meltzer  check llp informs investors that a securities class action lawsuit has been filed against camber energy inc camber nyse american cei the action charges camber with violations of the federal securities laws including omissions and fraudulent misrepresentations about the companys business operations and prospects as a result of cambers materially misleading statements investors have suffered significant losses cannot view this video pleaseclick here click here to submit your camber losses contact an attorney to discuss your rights  james maro esq 484 2701453 or toll free 844 8879500 or email at cambersalleged misconduct camber is an independent oil and natural gas company that mainly acquires develops and sells crude oil natural gas and natural gas liquids between december 2020 and february 18 2021 camber acquired a controlling interest in viking energy group inc viking and executed a definitive merger agreement with viking to effect the full combination of the two entities the merger on february 18 2021 camber issued a press release regarding the merger and touted the acquisition of viking the truth began to emerge on may 24 2021 when camber revealed in a press release that on may 21 2021 the new york stock exchange had notified camber that it was not in compliance with its continued listing standards because camber failed to file its form 10k for the 9month period ended december 31 2020 along with other reasons camber blamed its lack of compliance on issues that have arisen in connection with    finalizing the determination of the fair values of both assets and liabilities associated with cambers acquisition of a controlling interest in viking following this news cambers stock price declined by 004 per share or 656 to close at 057 per share on may 25 2021 then on october 5 2021 kerrisdale capital shocked the market when it released a report stating that camber is a defunct oil producer that has failed to file financial statements with the sec since september 2020 is in danger of having its stock delisted next month and just fired its accounting firm in september kerrisdale capital also revealed that cambers only real asset is a 73 stake in viking an otctraded company with negative book value and a goingconcern warning that recently violated the maximumleverage covenant on one of its loans following this news cambers stock price fell 156 per share or 5049 to close at 153 per share on october 5 2021 what can i do camberinvestors may no later than december 28 2021  seek to be appointed as a lead plaintiff representative of the class through kessler topaz meltzer  check llp or other counsel or may choose to do nothing and remain an absent class member kessler topaz meltzer  check llp encourages camber investors who have suffered significant losses to contact the firm directly to acquire more information click here to sign up for the case who can be a lead plaintiff a lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation the lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors the lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys if approved by the court are lead or class counsel your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff about kessler topaz meltzer  check llp kessler topaz meltzer  check llp prosecutes class actions in state and federal courts throughout the country and around the world the firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct all of our work is driven by a common goal to protect investors consumers employees and others from fraud abuse misconduct and negligence by businesses and fiduciaries at the end of the day we have succeeded if the bad guys pay up and if you recover your assets the complaint in this action was not filed by kessler topaz meltzer  check llp for more information about kessler topaz meltzer  check llp please visit wwwktmccom to view the source version of this press release please visit httpswwwnewsfilecorpcomrelease105014 is there a problem with this press release contact the source provider comtex at editorialcomtexcom you can also contact marketwatch customer service via our customer center