General Moly Inc. (TSX:GMO) Investment Losses
Have you suffered investment losses in General Moly Inc. at the advice of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA complaint against the brokerage firm that sold you the investment.
According to reports on November 18, 2020, General Moly, Inc. (TSX: GMO), a pure-play molybdenum mineral development company, announced that the Company and its U.S. subsidiaries filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Colorado.
The company is pursuing “a financial and operational reorganization designed to allow the Company to reduce its outstanding liabilities and strengthen its overall financial position while best positioning the business for long-term success under new ownership,” according to a press release.
The Company has reportedly executed a Restructuring Support Agreement with creditors representing more than two-thirds of its outstanding debt and other parties in interest, which contemplates agreed-upon terms for a pre-arranged financial restructuring plan.
Securities Investigation
The White Law Group is investigating securities claims involving broker dealers who may have unsuitably recommended General Moly, Inc. to investors.
Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
Free Consultation with a Securities Attorney
To determine whether you may be able to recover investment losses in General Moly Inc., please contact 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. The firm works on a contingency fee basis and may be able to represent you in a complaint against your brokerage firm.
For more information on the firm, visit www.WhiteSecuritiesLaw.com.
