Have you suffered losses in Comstock Resources? If so, the securities attorneys of The White Law Group may be able to help.
According to their website, Comstock Resources is based in Frisco, Texas and is engaged in the acquisition, development, production and exploration of oil and natural gas with operations concentrated in Texas, Louisiana and Mississippi. Their common stock is listed and traded on the New York Stock Exchange (NYSE: CRK).
Following a 61% crash in Comstock Resources Inc.’s stock price since Jan. 1, the company plans to exit the South Texas region through a divestiture as it looks to fortify its finances, according to reports.
High-yield bonds—also called non-investment-grade bonds, speculative-grade bonds, or junk bonds—are bonds that are rated below investment grade, typically ‘BB’ or lower by Standard & Poor’s and ‘Ba’ or lower by Moody’s. They pay high yields to bondholders because the borrowers credit ratings are less than pristine, making it difficult for them to acquire capital at an inexpensive cost. Junk bonds carry an above average risk that the issuer will default on the bond. The increased risk makes them arguably unsuitable for many investors.
Brokerage-firms and investment adviser are required to make investment recommendations that are suitable for their clients in light of their clients particular investment situation – net worth, investment objectives, income, and investment experience. Brokerage firms or advisors who sell junk bonds to unsuitable investors or fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.
If you have suffered losses with your investment in Comstock Resources and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.
Tags: Comstock Resources class action, Comstock Resources investigation, Comstock Resources junk bonds, Comstock Resources lawsuit, Comstock Resources litigation, Comstock Resources losses, Comstock Resources oil and gas, Comstock Resources performance Last modified: August 21, 2016