Have you suffered losses investing in the Geo SAB corporate bonds (a/k/a Corporation Geo Sab De Cv Sr Gtd Nt)? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim against the brokerage firm that recommended the bonds to you.
Corporación Geo SAB is a Mexican home builder. It filed for bankruptcy protection in Mexico in 2014.
According to the Wall Street Journal, Geo’s debt at the time of the bankruptcy filing included just over $700 million in U.S. dollar-denominated bonds as well as loans from some of Mexico’s biggest commercial banks. Prior to the bankuptcy, which was prearranged with many of Geo’s largest creditors, Geo had stopped making bond payments and fallen behind on its loans. Unfortunately for individual investors in Geo SAB’s corporate bonds, it appears that the prearranged bankruptcy once again preserved the interests of the large banks at the expenses of the Main Street investors out there.
Given the problems that existed even before the bankruptcy, The White Law Group is investigating the liability that brokerage firms may have for improperly recommending the Geo SAB corporate debt.
Brokerage firms are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, 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.
Specifically, the firm is investigating claims involving the following Geo SAB bonds:
Geo SAB 8.875% Gtd. Global Notes due 03/27/2022
Geo SAB 8.875% Gtd. Global Notes due 09/25/2014
Geo SAB 9.25% Gtd. Global Notes due 06/30/2020
Geo SAB MXN400M Certificados Bursátiles (GEO 11) due 07/18/2014
Geo SAB Senior Unsecured Medium-Term Note Program
If you invested in a GEO SAB Corporate bond and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 1-888-637-5510 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.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.