Recovery of Investment Losses involving Pacific Drilling S.A.
Did you lose money investing in Pacific Drilling S.A. at the recommendation of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration Claim against the brokerage firm that sold you the investment.
Pacific Drilling is a high-specification, floating-rig drilling contractor with a fleet of seven drillships.
On September 1, 2017, Pacific Drilling S.A. (NYSE: PACD) announced that it received notice from the New York Stock Exchange, Inc. that the Company was considered to be “below compliance” with NYSE’s continued listing standards for a listed company. The two NYSE continued listings standards applicable to the Company that it is at risk of failing to satisfy are maintenance of:
- Average market capitalization of not less than $15 million over a 30 trading-day period, which is a minimum threshold standard that does not allow for any plan/cure period; and
- Average closing price of its common stock of not less than $1.00 over a consecutive 30-trading-day period.
Is this type of investment suitable for you?
The White Law Group is investigating the liability that brokerage firms may have for unsuitably recommending Pacific Drilling S.A.
Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor. Suitability considerations include the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If you have suffered losses investing in Pacific Drilling S.A. or another investment, please contact The White Law Group at 1-888-637-5510 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. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.