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SHAREHOLDER ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Concho Resources Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

·2-min read

LOS ANGELES, August 02, 2021--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Concho Resources Inc. ("Concho" or "the Company") (NYSE: CXO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 21, 2018 and July 31, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before September 28, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Concho’s Dominator Project ("Dominator") in the Delaware Basin suffered from aggressive and risky well spacing with no reasonable expectation of successful operation. The Company’s practice of tighter well spacing was far more widespread than it communicated to the market. Any measures the Company considered to mitigate its risky well spacing were non-existent. The Company was forced to scale back production after underground well interference permanently decreased production. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Concho, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005703/en/

Contacts

The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

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