Sandridge Energy (“Sandridge”) and Arch Coal (“Arch”) earned court approval to emerge from bankruptcy on September 9 and September 13, 2016, respectively. Together, Sandridge and Arch were able to shed approximately $9 billion in debt and start anew. How nice!
If you’re a Sandridge and Arch creditor, how does that sit with you?
These companies join 100 other North American oil producers that have filed for bankruptcy protection since early 2015. The Securities Arbitration and Investment Litigation Lawyers at the Silver Law Group, Law Office of David Chase, LLC and Ciklin Lubitz & O’Connell are currently investigating cases relating to investments in Sandridge and Arch. Sandridge filed for bankruptcy protection in May 2016, subsequent to Arch’s bankruptcy filing in January 2016.
Sandridge and Arch each get a fresh start and expect business to continue as usual, each offering glowing prospects for the their respective futures. But, how does the mulligan given to Sandridge and Arch help you? It appears that you, the investor, will be the one who suffers the harm in this scenario with your investments in these companies (and possibly other bankrupt oil producers) being wiped out. Inquiry: how many mulligans is your financial advisor and his/her firm entitled to?
It’s no secret that the oil, gas and energy sectors have come under intense market pressure since the price of oil’s drastic price decline since 2014. If your financial advisor or his/her firm failed to disclose the potential risks associated with your investments in Sandridge and Arch, or any other similarly-situated company in the oil, gas and/or energy sectors, we are interested in reviewing these issues in more detail. The Law Firms have either filed arbitration claims and/or continue to investigate investment losses in Atlas Partners, Linn Energy, Alpha Natural Resources, Alliance Resource Partners, Cloud Peak Energy, Natural Resource Partners, Seadrill, Swift Energy, Chesapeake Energy and Transocean.
Firms that provided analyst coverage on these companies include, but are not limited to, Avondale, Needham, Merrill Lynch, Barclays Capital, BB&T Capital Markets, Jeffries, Robert W. Baird, Oppenheimer, JP Morgan, Morgan Stanley, FBR Capital, Deutsch Bank, Credit Suisse, RBC Capital Markets, Stifel, Raymond James, UBS and Wells Fargo.
If your broker or investment advisor advised you to invest in Sandridge and Arch, or any other similarly-situated company linked to the oil or gas or the energy sector, and you have incurred substantial losses, please contact us at www.oilgasfinraarbitration.com for a no-cost case evaluation.
Become informed about your rights, explore whether you have a claim and see if we can be of assistance in trying to recover your investment losses. Cases are taken on a contingency fee basis, meaning no attorney’s fee is owed if there is no recovery. Our lawyers have collectively represented hundreds of investors in FINRA or securities arbitration claims and recovered millions of dollars from large and regional brokerage firms.
For more information about the Law Firms, the lawyers, and the oil and gas investment practice area, please visit the oil and gas investment website at: www.oilgasfinraarbitration.com. You can also contact toll-free Mr. Silver at: (800) 975-4345 for a confidential, no-cost consultation on the potential for recovery of your investment losses. Our attorneys represent clients nationwide in securities cases to recover investment losses. No fee unless we obtain a recovery for you.