Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In SeaDrill Limited (SDRL) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in SeaDrill Limited (“SeaDrill” or the “Company”) (NYSE: SDRL) of the February 3, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against SeaDrill and certain executives and directors.
A complaint has been filed in the Southern District of New York on behalf of all persons who purchased SeaDrill American Depository Receipts (“ADRs”) from July 10, 2014 through November 25, 2014, inclusive (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, SeaDrill made false and/or misleading statements that its backlog and strong balance sheet were sufficient to support paying a $4 annual dividend through 2016.
On November 26, 2014, the Company announced that it was indefinitely suspending its dividend.
Following this news, the price of SeaDrill’s stock declined by $4.72, or nearly 23%, to close at $15.99 on November 26, 2014.
If you invested in SeaDrill ADRs, bonds or options from July 10, 2014 through November 25, 2014, and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding SeaDrill’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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