Whiting Petroleum Corp. (WLL) Files for Chapter 11 Protection Bankruptcy | Goodman & Nekvasil, P.A., Recovering Investor Losses
Goodman & Nekvasil, P.A., Recovering Investor Losses – Whiting Petroleum Corp.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments, such as Whiting Petroleum Corp.
Even though bonds and/or stock issued by Whiting Petroleum Corp. have considerable risk, overzealous brokers, brokerage firms and registered investment advisors have nonetheless recommended these types of investments to conservative investors seeking income. We believe that investors in Whiting Petroleum Corp. lost a significant amount of their savings when Whiting Petroleum Corp. filed for bankruptcy. According to the company, upon the company’s emergence from Chapter 11, Unit’s existing stock will be cancelled and certain of our lenders as well as certain holders of general unsecured claims will receive new equity interests in reorganized Unit. All existing equity interests in Unit will be cancelled.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as Whiting Petroleum Corp., and has recovered more than $200 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
You may have the right to recover your losses from the brokerage firm that sold Whiting Petroleum Corp. and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for close to 40 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your rights as a creditor in the Whiting Petroleum Corp. bankruptcy or your ownership of these investments in any way.
If you incurred losses on your investment in Whiting Petroleum Corp. and/or other high-risk investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.