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Zamansky LLC Announces Its Investigation of ATP Oil and Gas 11.875% Senior Second Lien Exchange Notes
Zamansky LLC announces that it is investigating ATP Oil and Gas 11.875% Senior Second Lien Exchange Notes (“ATP Notes”), on behalf of investors. The investigation concerns alleged investment advice or sales of these ATP Notes by brokerage firms to customers.
Zamansky LLC announces that it is investigating ATP Oil and Gas 11.875% Senior Second Lien Exchange Notes (“ATP Notes”), on behalf of investors. The investigation concerns alleged investment advice or sales of these ATP Notes by brokerage firms to customers.
On May 24, 2013, a class action lawsuit was filed on behalf of purchasers or investor who otherwise acquired ATP Notes traceable to the December 16, 2010 exchange by the company of $1.6 billion of notes. The case was filed in the U.S. District Court, Eastern District of Louisiana, docket no. 13-cv-3935. The Complaint alleges that the ATP Notes were issued while the company concealed two moratoriums on deep water drilling issued by the U.S. Department of Interior, which devastated the company’s business and revenues.
On August 17, 2012, the Company filed for bankruptcy in the Southern District of Texas, case number 12-36187.
The investigation concerns the alleged investment advisor and sales to investors in the ATP Notes by brokerage firms to their customers. According to stock fraud attorney Jake Zamansky, the ATP Notes were high risk and speculative investments that were not suitable or appropriate for any conservative investors seeking fixed income. He believes that any investor who held the ATP Notes at a brokerage firm and who suffered a substantial loss should contact a professional to determine whether the investment was appropriate.
What Investors Can Do
If you invested in or held the ATP Notes, and would like to have your investment reviewed or discuss your legal rights, you may, without obligation or cost to you, email jake@zamansky.com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is one of the leading law firms specializing in securities fraud, FINRA arbitration and class action litigation. Our FINRA attorneys represent both individual and institutional investors. Our securities arbitration practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
Contacts
Zamansky LLC
50 Broadway – 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414