April 19, 2016 Comments (0) Blog

Update: Goodrich Petroleum Files Chapter 11 Bankruptcy Protection

(Last Updated On: August 19, 2016)

Have you suffered losses investing in Goodrich Petroleum Corp?  If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.

Goodrich Petroleum is an independent exploration and production company engaged in the exploitation, development and production of crude oil and natural gas primarily in areas of Louisiana, Mississippi and Texas.  The company was founded in 1995 and is based in Houston, Texas.

Goodrich is one of many oil and gas producers that struggled to cut its debt as crude prices dropped in 2014, and consequently filed for Chapter 11 Bankruptcy protection in April 2016.

Brokerage firms that sell oil and gas investments, like Goodrich Petroleum have a fiduciary duty to perform adequate due diligence to determine if the investment has a reasonable likelihood of success. Unfortunately, some brokers may have recommended Goodrich Petroleum to investors even though the investment was unsuitable for their clients.  Investment recommendations should be inline with a client’s age, investment experience, net worth, and investment objectives. When brokers make inappropriate investment recommendations, both the broker and the firm may be liable for investment losses.

If you suffered losses investing in Goodrich Petroleum 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 (312)238-9650 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.