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 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.
According to Bizjournals Houston, Goodrich Petroleum was warned of delisting from the New York Stock Exchange. The NYSE rule require an average closing price of at least $1.00 for a consecutive 30 trading-day period. Goodrich’s stock has apparently not closed above $1.00 since July 21.
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, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on the firm, visit www.WhiteSecuritiesLaw. com.