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Written by 11:08 pm Blog, Securities Fraud Articles

Investigation into Odebrecht Offshore Drilling Finance bonds

Have you suffered losses investing oil and gas bonds such as Odebrecht Offshore Drilling Finance bonds?  If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim against your brokerage firm or advisor.

The number of oil and gas company’s that have defaulted this past year is alarming. While many companies are finding ways to restructure their debt and cut back, investors are left holding junk bonds.

According to Debt Wire, The cancellation of Odebrecht Oil & Gas’s (OOG) ODN Tay IV charter and services agreements with Petrobras will likely lead to an event of default on the Odebrecht Offshore Drilling Finance bonds due 2022. In addition the cancellation could threaten other bonds issued by OOG entities, which include USD 1.53bn 6.75% senior secured 2022 bond and the USD 580m 6.625% senior secured 2022 bond.

The White Law Group is investigating the liability that brokerage firms may have for recommending certain oil and gas bonds. Investment. Brokerage firms are required to perform adequate due diligence on any investment they recommend and to adequately disclose the risks of any investment.

If you lost money investing in and would like to discuss your litigation options, please call the securities arbitration attorneys of The White Law Group at (312)238-9650 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.  For more information on the firm and its representation of investors in FINRA arbitration claims, visit www.whitesecuritieslaw.com.


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