Reuters - Mount Kellett Concerned Over SandRidge Allegations
Investment firm Mount Kellett Capital Management said it was concerned about allegations that SandRidge Energy Inc. Chief Executive Tom Ward and a trust purportedly run by his son engaged in "persistent front running of the company," Reuters reported. Mount Kellett Capital, which holds about 4.5 percent in SandRidge, said in a letter on Thursday it was reviewing allegations by another investor, TPG-Axon, that Ward and his son acquired mineral rights and sold them to SandRidge or other oil and gas companies at a profit.
17 January 2013•1 min read
