ATTENTION WHITING PETROLEUM EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained During Coronavi...
05 Maio 2020 - 10:25AM
Business Wire
KlaymanToskes (“KT”), www.klaymantoskes.com, announced today
that it is investigating the damages sustained during the
Coronavirus (“COVID-19”) pandemic by employees and investors who
held large positions in Whiting Petroleum (NYSE:WLL) stock at
full-service brokerage firms. Investment portfolios holding large
positions can carry significant downside risks. The investigation
focuses on full-service brokerage firms’ negligence and
mismanagement of large positions that resulted in employees and
investors suffering substantial losses.
Full-service brokerage firms whose customers hold large stock
positions have a duty to ensure that their customers understand the
risks. Firms are also required to disclose and recommend the
availability of risk management strategies which can be used to
protect the value of large positions and the risks associated with
holding a stock position in a single stock or single sector. Since
trading as high as 27.28 per share in May 2019, Whiting Petroleum
is currently trading around 1.21 per share. To make matters worse,
Whiting Petroleum filed for bankruptcy in early April.
If you made self-directed trades in your investment account with
E-Trade, TD Ameritrade, Charles Schwab, Fidelity, or Interactive
Brokers, or another self-trading platform that was not being
managed by a registered investment advisor, this investigation does
not apply to you.
The sole purpose of this release is to investigate whether
strategies deployed by investment firms were suitable for Whiting
Petroleum employees and investors with large stock positions or
were invested primarily in a single stock or single sector. Whiting
Petroleum employees and investors who held accounts at full-service
brokerage firms, and have information relating to the manner in
which the firm handled their accounts are encouraged to contact
Lawrence L. Klayman, Esq., at (561) 542-5131, and download our
Special Investor Report.
About KlaymanToskes
KT is a leading national securities law firm which practices
exclusively in the field of securities arbitration and litigation,
on behalf of retail and institutional investors throughout the
world in large and complex securities matters. The firm represents
high net-worth, ultra-high-net-worth, and institutional investors,
such as non-profit organizations, unions, public and multi-employer
pension funds. KT has office locations in California, Florida, New
York, and Puerto Rico.
Destination:
https://klaymantoskes.com/attention-whiting-petroleum-employees-investors
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version on businesswire.com: https://www.businesswire.com/news/home/20200505005599/en/
KlaymanToskes Lawrence L. Klayman, Esq., (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
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