According to reports, MOG Producing LP, a subsidiary of Mohican Operating, LLC filed its petition for bankruptcy on January 18, 2016, in the United States Bankruptcy Court for the Southern District of Texas.
The Mohican Companies were formed for the purpose of acquiring, operating and producing wells in South Texas and the Upper Texas Gulf Coast areas according to their website.
The White Law Group is investigating the liability that brokerage firms may have for recommending MOG Producing LP to investors.
Brokerage firms have a fiduciary duty to perform adequate due diligence to determine if an investment is appropriate for a particular client given the client’s age, net-worth, financial objectives, investment experiences, financial needs, and risk tolerance. If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
If you purchased a MOG Producing LP investment through a brokerage firm and would like to speak with a securities attorney regarding your ability to recover any investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.