The Securities Arbitration and Investment Litigation Lawyers at the Silver Law Group, Law Office of David Chase, LLC and Ciklin Lubitz & O’Connell (www.oilgasfinraarbitration.com) are currently investigating cases relating to investments in SunEdison, Inc. (SunEdison – Ticker Symbol: SUNE), one of the nation’s largest providers of electricity and renewable energy.
SunEdison filed for Chapter 11 Bankruptcy on April 21, 2016, and on August 3, 2016, announced that it plans to stop making interest payments on behalf of two affiliated companies, TerraForm Global Inc. and TerraForm Power LLC (collectively “SunEdsion’s yieldcos”). The SunEdison yieldcos intend to contest SunEdison’s decision. In many respects, SunEdison and the SunEdison yieldcos expect business to continue as usual. Nevertheless, it appears that you, the investor, will be the one who suffers the harm.
In recent years, SunEdison experienced exponential growth and various financial institutions were more than willing to help SunEdison finance its lofty – and some have labeled “aggressive” – growth initiatives. As a result of SunEdison’s bankruptcy, SunEdison common stock holders will be wiped out and investors holding other SunEdison-linked securities will no doubt certainly feel the pain associated with yet another high-profile bankruptcy in the oil, gas and energy sector. For example, SunEdison’s corporate neighbor, Peabody Coal, also filed for bankruptcy in mid-April 2016.
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 SunEdison, Peabody Coal, 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, Arch Coal, Alpha Natural Resources, Alliance Resource Partners, Cloud Peak Energy, Natural Resource Partners, Seadrill, Sandridge Energy, Swift Energy, Chesapeake Energy and Transocean.
Firms that provided analyst coverage on these companies include, but are not limited to Raymond James, 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, UBS and Wells Fargo.
If your broker or investment advisor advised you to invest in SunEdison, Peabody Coal, 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 or fill out our online form 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.