Soreide Law Group is investigating, on behalf of clients, the sale of the now bankrupt, Linn Energy, LLC (LINE) and/or other high-risk energy investments. Dozens of oil and gas producers have filed Chapter 11 after energy prices began declining in 2014.
Recently, a FINRA action was filed against the McDonald Group regarding losses for the Claimant of approximately $175K in Linn Energy, LLC (LINE). It's alleged that broker, Jeff McDonald, of the McDonald Group solicited initial purchases in Linn Energy and allegedly doubled down as the price of Linn Energy began to fall. This alleged action took place in the Palm Harbor, Florida office.
Soreide Law Group continues to file several cases regarding the collapse of the oil and gas industry and the devastating losses our clients have endured. We have filed many cases for our clients involving Linn Energy, LLC (LINE). Some clients have lost, at an alarming rate, nearly their entire life savings due to the plummeting energy related stocks recommended to them by their brokers or financial advisors. Many brokers recommended these highly volatile energy-related stocks to their clients without first explaining the risks involved. Your broker is obligated to explain these stocks to you before investing.
Soreide Law Group is a Florida-based law firm making it convenient for clients in Florida cities such as, Palm Harbor, Melbourne Beach, and Treasure Island. We represent clients nationwide before FINRA and operate on a contingency fee basis.
If your broker recommended Linn Energy, LLC (LINE) or any other stocks from the oil and gas sector, and you have experienced dramatic losses along with the drop in the oil and gas markets, contact the Soreide Law Group for a free consultation with an experienced securities attorney regarding possible recovery of your losses at: 888-760-6552.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.