SeaDrill LTD(SDRL) Securities Investigation
Are you concerned about investment losses in SeaDrill LTD (SDRL)? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration Claim against the brokerage firm that sold you the investment.
Seadrill LTD is a deepwater drilling contractor for the petroleum industry. It is incorporated in Bermuda and managed from London and reportedly operates semi-submersible platforms, jackup rigs and drillships.
As we reported in September 2017, the company filed for bankruptcy protection after 18 months of trying to strike an agreement with creditors. They reportedly made a deal with senior lenders to inject $1 billion of new money into the company.
Unfortunately for investors, after an upswing in oil prices in 2016, most oil and gas stocks are down substantially in the last year. According to Yahoo Finance, in the past year, Seadill LTD’s share price has reportedly declined 91%.
Investigating Potential Lawsuits
The White Law Group is investigating the liability that brokerage firms may have for recommending SeaDrill LTD. Unfortunately for many investors they did not fully understand the energy investments like SeaDrill LTD. .
Brokerage firms are required to perform adequate due diligence to evaluate whether the investments they recommend are suitable in light of the client’s age, net worth, risk tolerance, 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. The White Law Group believes certain financial advisors have been recommending high risk energy investments improperly to income seeking retired investors – focusing on the income potential of the investments while downplaying or ignoring the risks.
Recovery of Investment Losses
If you suffered losses investing in SeaDrill LTD at the recommendation of your financial advisor and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, please visit https://www.whitesecuritieslaw.com.