The
fund,
which
owns
6.7%
of
the
Oklahoma
City-based
explorer,
has
alleged
that
WCT
Resources,
an
Oklahoma
company
run
by
Ward's
son
Trent,
had
run
ahead
of
the
company
to
acquire
land,
later
flipping
the
land
to
SandRidge
Energy
or
other
explorers.
"For
the
board
to
dismiss
our
concerns
as
'entirely
unremarkable'
is
in
fact
remarkable,"
said
TPG-Axon,
which
has
already
moved
to
seek
the
replacement
of
the
board
including
Ward.
The
hedge
fund
said
that
it
believed
“the
time
has
long
passed
to
simply
'consider'
the
appointment
of
independent
counsel
-
that
should
have
been
done
already".
TPG-Axon
also
disputed…
