Sun River Energy was accused by multiple shareholders of attempting to manipulate the market for its common stock by refusing to remove the restrictive legends from their certificates following the expiration of the holding period required by Rule 144 of the Securities Act of 1933.
Category: Sun River Energy
Sun River Energy, Inc. is an oil & gas company currently headquartered in Dallas, Texas, that formerly traded on the Over the Counter Bulletin Board. Since 2008, the company has been embroiled in a large number of lawsuits, a substantial number which have involved litigation against its own shareholders. Sun River Energy owns approximately 150,00 acres of “fee simple” mineral rights in northeastern New Mexico.