Recovery of Investment Losses involving HII Technologies Inc.
The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended HII Technologies Inc. to investors.
HII Technologies, Inc. is in the service, manufacturing and product line end of the oilfield business, according to Bloomberg. The Company is reportedly focused on commercializing technologies in water management, safety services and portable power used by exploration and production companies in the United States.
HII Technologies Inc. reportedly filed a form D to raise capital from investors in 2015. The total offering amount was purportedly $3,050,000 .
According to filings with the SEC, on September 18, 2015, HII Technologies, Inc. and each of its wholly-owned subsidiaries, Apache Energy Services, LLC, Aqua Handling of Texas, LLC, Hamilton Investment Group, Inc. and Sage Power Solutions, Inc. filed voluntary petitions for reorganization under Chapter 11 of Title 111 of the U.S. Code in the United States Bankruptcy Court for the Southern District of Texas Victoria Division.
According to terms of the plan, all the company’s existing equity interests, consisting of authorized and outstanding shares of common stock, shares of Series A Preferred stock and Series B Preferred stock or any options or warrants, were cancelled without any consideration or value.