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Deadline on October 21st coming up in Lawsuit for Investors in Valaris plc (NYSE: VAL)

10-09-2019 04:11 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on October 21, 2019 in the lawsuit for certain investors in Valaris plc (NYSE: VAL).

A Deadline is coming up on October 21, 2019 in the lawsuit for certain investors in Valaris plc (NYSE: VAL).

A deadline is coming up on October 21, 2019 in the lawsuit filed for certain investors of Valaris plc (NYSE: VAL over alleged securities laws violations by Valaris plc (NYSE: VAL).

Investors who purchased shares of Valaris plc (NYSE: VAL) have certain options and there are strict and short deadlines running. Deadline: October 21, 2019. NYSE: VAL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Valaris plc (NYSE: VAL) common shares between April 11, 2019 and July 31, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 11, 2019 and July 31, 2019, the defendants failed to disclose to investors that the Company was plagued by a weak ultra-deepwater segment, massive cash usage, and significant negative cash flow, that the foregoing was reasonably likely to have a material negative impact on the Company’s second quarter 2019 results, that the merger leading to Valaris’s establishment could not deliver on its touted benefits, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Valaris plc (NYSE: VAL) 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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