Have you suffered losses in Quick Silver Resources, Inc.? If so, the securities attorneys of The White Law Group may be able to help you.
Fort Worth, Texas-based Quicksilver Resources is a publicly traded independent oil and gas company engaged in the exploration, development and acquisition of oil and gas, primarily from unconventional reservoirs including shales and coal beds in North America. Quicksilver Resources Inc. Filed Chapter 11 bankruptcy protection in March of 2015, the latest casualty of depressed energy prices.
According to Bloomberg, Quicksilver’s holdings are focused in the natural gas-rich Barnett Shale play of North Texas. The company also has reserves in the Horn River Basin in northeast British Columbia and the coalbeds of the Horseshoe Canyon in Alberta. It’s been fighting a depressing outlook and hired advisers in 2014 to try to address near-term debt maturities and boost liquidity.
High-yield bonds—also called non-investment-grade bonds, speculative-grade bonds, or junk bonds—are bonds that are rated below investment grade, typically ‘BB’ or lower by Standard & Poor’s and ‘Ba’ or lower by Moody’s. They pay high yields to bondholders because the borrowers credit ratings are less than pristine, making it difficult for them to acquire capital at an inexpensive cost. Junk bonds carry an above average risk that the issuer will default on the bond. The increased risk makes them arguably unsuitable for many investors.
Brokerage-firms and investment adviser are required to make investment recommendations that are suitable for their clients in light of their clients particular investment situation – net worth, investment objectives, income, and investment experience. Brokerage firms or advisors who sell junk bonds to unsuitable investors or fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.
If you have suffered losses with your investment in Quick Silver Resources and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.