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SAN DIEGO, October 30, 2021 (GLOBE NEWSWIRE) – Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has been filed on behalf of investors in Camber Energy, Inc. (“Camber” or the “Company”) (NYSE: CEI) The class action is on behalf of shareholders who purchased common stock of Camber between February 18, 2021 and October 4, 2021. If you wish to act as the principal plaintiff in this lawsuit collective, you must go to court no later than December 28, 2021.

What actions can I take at this time? If you have suffered a substantial loss and would like to learn more about how to be a Principal Applicant, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. If you are sending an email, please include a phone number. In addition, you can:

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According to the lawsuit, the defendants throughout the litigation period made false and misleading statements and failed to disclose that: (1) Camber overstated the financial and business prospects of Viking Energy Group, Inc. (“Viking” ) as well as the post of the combined company-merger; (2) Camber failed to advise investors that its acquisition of a controlling interest in Viking would exacerbate the Company’s overdue financial statements and its NYSE listing requirements and downplayed this fact; (3) an institutional investor was diluting Camber’s shares at a significant rate following the Company’s update of July 12, 2021 regarding the number of its issued and outstanding ordinary shares; and (4) accordingly, the Company’s public statements were materially false and misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.

A principal plaintiff will act on behalf of all other class members to conduct the Camber class action lawsuit. The principal plaintiff can choose a law firm of their choice to litigate the class action. The ability of an investor to share any potential future recovery of the Camber class action suit does not depend on its status as a principal plaintiff.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in class actions between shareholders and derivatives. For more information about the firm and its lawyers, please visit http://www.johnsonfistel.com. Lawyer advertising. Past results do not guarantee future results.

Contact:
Johnson Fistel, srl
Jim Baker, 619-814-4471
[email protected]

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