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Lawsuit filed for Investors in shares of Weatherford International plc (OTC: WFTIQ)

09-12-2019 06:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Weatherford International plc (OTC: WFTIQ) shares.

A lawsuit was filed on behalf of investors in Weatherford International plc (OTC: WFTIQ) shares.

An investor, who purchased shares of Weatherford International plc (OTC: WFTIQ), filed a lawsuit in over alleged Securities Laws violations by Weatherford International plc.

Investors who purchased a significant amount of shares of Weatherford International plc (OTC: WFTIQ) have certain options and for certain investors are short and strict deadlines running. Deadline: November 5, 2019. OTC: WFTIQ investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Switzerland based Weatherford International plc, an oilfield service company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. Weatherford International plc, an oilfield service company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.

Then on May 10, 2019, Weatherford International plc announced it expected to file for Chapter 11 bankruptcy protection.

Shares of Weatherford International plc (OTC: WFTIQ) closed on September 6, 2019 at $0.198 per share.

The plaintiff claims that between October 26, 2016 and May 10, 2019, the Defendants made materially false and misleading statements and omitted material adverse facts concerning Weatherford’s “recovery” and “transformation plan” and, relatedly, the Company’s ability to manage its debt and avoid bankruptcy. As a result of the Defendants’ false and misleading statements and omissions, Weatherford’s securities traded at artificially inflated prices between October 26, 2016 and May 10, 2019.

Those who purchased shares of Weatherford International plc (OTC: WFTIQ) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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