Investor Alert – James River Coal Inc.
Are you concerned about your investment in James River Coal Inc.? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
According to its website, James River Coal mines and sells bituminous, steam, metallurgical and industrial-grade coal through six operating subsidiaries located throughout Eastern Kentucky, Southern West Virginia and Southern Indiana. It claims to be the sixth largest coal producer in Central Appalachia and the fifth largest in the Illinois Basin.
On March 22, 2016, James River Coal Co. went out of business as per its Chapter 11 liquidation filing under bankruptcy, according to Bloomberg.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending James River Coal Inc. to investors.
Brokerage firms are required to perform due diligence on any offering they recommend and to ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.
If a firm fails to perform due diligence or makes an unsuitable recommendation, the broker-dealer can be held responsible for any losses in a FINRA arbitration claim.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in James River Coal Inc. the securities attorneys at The White Law Group may be able to help you. For a free consultation, please call the offices of The White Law Group at 888-637-5510.
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.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.