July 27, 2016 Comments (0) Blog, Current Investigations

Update: Alpha Natural Resources

(Last Updated On: March 31, 2017)

Have you suffered losses in Alpha Natural Resources, LLC., a subsidiary of Alpha Natural Resource Inc. (NYSE: ANR)? If so, the White Law Group may be able to help you recover your investment losses.

Alpha Natural Resources is a leading producer of coal in the US. According to Businessweek, “Alpha Natural Resources, LLC operates as a coal producer in the Central and Northern Appalachian region.” The company was incorporated in 2002 and in 2004 the company issued 10% senior notes due 2012.

Alpha Natural Resources emerged from its bankruptcy July 26th,  and announced it will vacate its current offices in Bristol, Virginia, but part of the former company will operate in Bristol, Tennessee.

Alpha and its affiliates announced that the company has successfully emerged from Chapter 11 bankruptcy protection after a nearly year-long process. The reorganized Alpha is a smaller, privately held company operating 18 mines and eight preparation plants in West Virginia and Kentucky, according to a written statement.

Specifically, The White Law Group is investigating potential claims involving the following Alpha Natural Resources offerings:

Alpha Natural Resources, Inc. 6.25% 6/1/2021 bond 

Alpha Natural Resources, Inc. 4.875% 12/15/2020 bond  

Alpha Natural Resources, Inc. 6% 6/1/2019 bond  

Alpha Natural Resources, Inc. 9.75% 4/15/2018 bond  

Alpha Natural Resources, Inc. 3.75% 12/15/2017 bond  

Energy investments in natural resources, like coal, are speculative and inherently high risk investments. Typically these types of investments lack liquidity, and are better suited for sophisticated and institutional investors.

Brokerage firms that recommend high risk investments have a fiduciary duty to perform adequate due diligence to determine if the investment is appropriate for the 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 would like to speak with a securities attorney regarding your ability to recover investment losses in Alpha Natural Resources, LLC., please call The White Law Group at 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.

To learn more about The White Law Group’s investigation of Alpha Natural Resources, click here.

For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.