Lilis Energy, Inc. Reportedly files for Chapter 11 Bankruptcy

Lilis Energy, Inc. (LLEX) Investment Losses

Have you suffered investment losses in Lilis Energy, Inc.? If so,  the securities attorneys at The White Law Group may be able to help you recover your losses by filing a complaint against the brokerage firm that sold you the investment.

Lilis Energy, Inc. (LLEX), an exploration and production company,  operates in the Permian Basin of West Texas and Southeastern New Mexico.

After a deep decline in oil prices during the COVID-19 global pandemic, the company announced Monday that it has filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the United States Bankruptcy Court for the Southern District of Texas, Houston Division.

According to MarketWatch, the company’s share price is down -31.84% YTD.

Filing a Complaint against your Brokerage Firm

Broker dealers are required to perform adequate due diligence on all investment recommendations to ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses. 

The White Law Group is investigating securities claims involving broker dealers who may have unsuitably recommended Lilis Energy, Inc. to investors.

To determine whether you may be able to recover investment losses in Lilis Energy, Inc., please contact The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm works on a contingency fee basis and may be able to represent you in a complaint against your brokerage firm.

For more information on the firm, visit www.WhiteSecuritiesLaw.com.