Have you lost money investing in ATP Oil & Gas Corporation? If so, The The White Law Group may be able to help you recover your investment losses.
According to their website, ATP Oil & Gas Corporation (ATP) is engaged in the development and production of oil and natural gas in offshore properties in the Mediterranean Sea, the Gulf of Mexico and the North Sea. The company was incorporated in 1991 and publicly traded (NASDAQ: ATPAQ).
In addition, records with the SEC indicate that ATP made a variety of investment offerings. For example, the company offered a 11.875% Senior Second Lien Notes in 2010, and put together private placement offerings in 2006, 2004 and 2003.
According to an ATP press release in 2012, the company announced that they filed a voluntary petition for reorganization under Chapter 11 of the bankruptcy.”The primary reason for the reorganization began with the Macondo well blowout in April 2010 and the imposition beginning in May 2010 of the moratoria on drilling and related activities in the Gulf of Mexico.”
Oil and gas like ATP can be speculative and high risk investments. Sometimes these types of investments lack liquidity, and are better suited for sophisticated and institutional investors.
Brokerage firms are required to perform adequate due diligence on any investment they recommend. In order to determine suitable investment recommendations, brokerage firms must take into account a client’s age, investment experience, net worth, and investment objectives. To the extent that some brokerage firm failed to perform adequate due diligence or makes unsuitable investment recommendations, the firm may be held liable for any resulting losses in a FINRA arbitration claim.
If you suffered losses investing in ATP Oil & Gas Corporation or in the ATP 11.875% Senior Second Lien Notes and would like to speak to a securities attorney to discuss your litigation options, please call the securities attorneys of The White Law Group at (888)637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on the firm, visit www.WhiteSecuritiesLaw.com.