Rosehill Resources Inc. Reportedly files for Chapter 11 bankruptcy

Rosehill Resources Inc. (ROSE) (formerly known as KLR Energy Acquisition Corp.) Investment Losses

Have you suffered investment losses in Rosehill Resources, 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.

Rosehill Resources, Inc., oil and natural gas producer, reportedly focuses on the acquisition, exploration, and development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin, according to Bloomberg. 

After a deep decline in oil prices during the COVID-19 global pandemic, Rosehill Resources Inc. and Rosehill Operating Co. LLC have commenced voluntary Chapter 11 cases under the United States Bankruptcy Code in the US Bankruptcy Court for the Southern District of Texas pursuant to terms of a restructuring support agreement (RSA).

The RSA, reported July 1, includes lenders under Rosehill’s revolving first lien credit facility, holders of Rosehill’s second lien notes and the company’s Series B Preferred Stock, and Tema Oil and Gas Co., as the holder of 66.8% of the equity interests in the company and 35.2% of the equity interests in Rosehill Operating and party to the company’s Tax Receivable Agreement (consenting creditors).

According to MarketWatch, Rosehill Resources Inc.’s share price is down -83.56% in the past 12 months.

The company, formerly known as KLR Energy Acquisition Corp., filed a Form D to raise capital from investors in 2017. The total offering amount sold was purportedly $75,000,000.

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 Rosehill Resources Inc. (formerly known as KLR Energy Acquisition Corp.) to investors.

To determine whether you may be able to recover investment losses in Rosehill Resources 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.