May 17, 2017 Comments (0) Current Investigations

SeaDrill LTD Securities Fraud Investigation

SeaDrill LTD
(Last Updated On: July 19, 2017)

Investigating Potential Claims involving SeaDrill LTD

Did you lose money investing in SeaDrill LTD at the recommendation of your broker?  If so, The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration Claim against the brokerage firm that sold you the investment.

SeaDrill LTD is a deepwater drilling contractor which provides drilling services to the oil and gas industry. It is incorporated in Bermuda and managed from London.

As of April 2017, Seadrill was in the process of a restructuring plan, and trying to avoid bankruptcy. Seadrill was once valued at $23.7 billion but with the decline in oil prices, the company is now worth about $398 million with liabilities that exceed its current assets by nearly double. Seadrill is currently trading on the New York Stock exchange for $0.44/share.

Unfortunately for investors, most debt-renegotiation scenarios ultimately call for the issuance of more SDRL stock, which would further dilute per-share results.

Investigating Potential Claims

The White Law Group is investigating the liability that brokerage firms may have for recommending SeaDrill LTD. Unfortunately for many investors they did not fully understand the energy investments like SeaDrill LTD.  The investment’s performance is directly tied to the price of oil which dropped dramatically beginning in 2014.

Brokerage firms are required to perform adequate due diligence to evaluate whether the investments they recommend are suitable in light of the client’s age, net worth, risk tolerance, investment experience, and investment objectives.

Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim.  The White Law Group believes certain financial advisors have been recommending high risk energy investments improperly to income seeking retired investors – focusing on the income potential of the investments while downplaying or ignoring the risks.

Free Consultation

If you suffered losses investing in SeaDrill LTD at the recommendation of your financial advisor and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.

The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit http://www.whitesecuritieslaw.com.