Remora Petroleum Investment Losses
Have you suffered investment losses in Remora Petroleum LP? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a complaint against the brokerage firm that sold you the investment.
Remora Petroleum, a private oil and gas company based in Austin, TX, is reportedly filing for chapter 11 bankruptcy protection today, according to public records. This comes after a failed attempt in 2018 for an IPO listed on the Nasdaq.
Remora Royalties, the holding company for Remora Petroleum, had reportedly filed to raise $105 million by offering 5.25 million shares at a price range of $19 to $21. At the midpoint, its proposed market cap was $210 million. The company previously booked $31 million in revenue for the 12 months ended June 30, 2018.
The White Law Group is investigating securities claims involving broker dealers who may have unsuitably recommended Remora Petroleum to investors.
Broker dealers are required to perform adequate due diligence on all investment recommendations including real estate investment trusts. 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 Remora Petroleum, 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 and Franklin, Tennessee. 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.