ATTENTION DIAMOND OFFSHORE DRILLING EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained During ...
May 05 2020 - 9:25AM
Business Wire
KlaymanToskes (“KT”), www.klaymantoskes.com, announced today
that it is investigating the damages sustained during the
Coronavirus (“COVID-19”) pandemic by employees and investors who
held large positions in Diamond Offshore Drilling (NYSE:DO) stock
at full-service brokerage firms. Investment portfolios holding
large positions can carry significant downside risks. The
investigation focuses on full-service brokerage firms’ negligence
and mismanagement of large positions that resulted in employees and
investors suffering substantial losses.
Full-service brokerage firms whose customers hold large stock
positions have a duty to ensure that their customers understand the
risks. Firms are also required to disclose and recommend the
availability of risk management strategies which can be used to
protect the value of large positions and the risks associated with
holding a stock position in a single stock or single sector. Since
trading as high as 10.03 per share in May 2019, Diamond Offshore
Drilling is currently trading around 0.9384 per share. To make
matters worse, Diamond Offshore Drilling recently filed for
bankruptcy.
If you made self-directed trades in your investment account with
E-Trade, TD Ameritrade, Charles Schwab, Fidelity, or Interactive
Brokers, or another self-trading platform that was not being
managed by a registered investment advisor, this investigation does
not apply to you.
The sole purpose of this release is to investigate whether
strategies deployed by investment firms were suitable for Diamond
Offshore Drilling employees and investors with large stock
positions or were invested primarily in a single stock or single
sector. Diamond Offshore Drilling employees and investors who held
accounts at full-service brokerage firms, and have information
relating to the manner in which the firm handled their accounts are
encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131,
and download our Special Investor Report.
About KlaymanToskes
KT is a leading national securities law firm which practices
exclusively in the field of securities arbitration and litigation,
on behalf of retail and institutional investors throughout the
world in large and complex securities matters. The firm represents
high net-worth, ultra-high-net-worth, and institutional investors,
such as non-profit organizations, unions, public and multi-employer
pension funds. KT has office locations in California, Florida, New
York, and Puerto Rico.
Destination:
https://klaymantoskes.com/attention-diamond-offshore-drilling-employees-investors
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version on businesswire.com: https://www.businesswire.com/news/home/20200505005595/en/
KlaymanToskes Lawrence L. Klayman, Esq., (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
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