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Update for RAAM Global Energy Company 12.5% 10/1/2015 bond investors

Have you suffered losses in RAAM Global Energy Company 12.5% 10/1/2015 bonds? If so, the securities attorneys of The White Law Group may be able to help you recover your losses with a FINRA arbitration claim against the brokerage firm that recommended the bonds to you.

RAAM Global Energy Company (RAAM) is a privately held oil and natural gas exploration and production company engaged in the exploration, development, production and acquisition of oil and gas properties. Its operations are located in the Gulf of Mexico, offshore Louisiana and onshore Louisiana, Texas, Oklahoma, California and New Mexico. It focuses on the development of both conventional oil and gas plays and unconventional resource plays.

RAAM Global Energy Company 12.5% Senior Secured Notes are due on October 1, 2015.

In its March 31, 2015 SEC Form 10-K, RAAM announced that it would not make its scheduled interest payment to the holders of the Senior Secured Notes due on April 1, 2015.  The company further stated that it “has substantial debt due during 2015, including $238 million of 12.5% senior secured notes due October 1, 2015 (the “Senior Secured Notes”) and $85 million under the Term Loan Facility due July 2, 2015, if the Senior Secured Notes have not been refinanced by this date. The $85 million under the Term Loan Facility is not due until September 12, 2016, if the Senior Secured Notes are refinanced prior to July 2, 2015…. The Company is actively working with investment banking advisors to evaluate alternative financing sources. No assurance can be given that such financing will be available on terms that are acceptable to the Company, or at all…. Absent payment of the interest by the end of the cure window on May 1, 2015, we will be in default under the indenture for the Senior Secured Notes, which will result in the acceleration of our obligation to repay all principal and interest due under the Senior Secured Notes.”

The filing went on to state that “[w]ithout making the required interest payment, undertaking a successful refinancing or accessing additional liquidity, the Company will not be able to fund its commitments, including the April 1, 2015 interest payment, to the holders of the Senior Secured Notes or the lenders under the Term Loan Facility and will be in default under the Senior Secured Notes and the Term Loan Facility. If these defaults occur, the Company will be unable to continue as a going concern.”

The White Law Group continues to investigate the liability that brokerage firms may have for recommending the RAAM Global Energy Company 12.5% 10/1/2015 bonds to their clients.

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 concerns regarding your investment in RAAM Global Energy Company 12.5% 10/1/2015 bonds 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.

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