UPDATE - SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against Seadrill Limited and Its Board o...
January 29 2015 - 9:02AM
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern
District of New York on behalf of investors who purchased Seadrill
Limited ("Seadrill" or the "Company") (NYSE:SDRL) American
Depository Receipts ("ADRs") between May 28, 2014 and November 25,
2014.
For more information, click here:
http://zlk.9nl.com/seadrill-sdrl.
The complaint alleges that Seadrill issued materially false and
misleading information to the investing public. In particular, the
complaint alleges that the Company issued statements suggesting
that the Company would maintain its dividend until at least the end
of 2015, but then on November 26, 2014, the Company disclosed it
would indefinitely suspend its dividend, citing Seadrill's need to
pay down its debt to strengthen its balance sheet.
If you suffered a loss in Seadrill you have until February 3,
2015 to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn't require that you serve as
a lead plaintiff. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/seadrill-sdrl.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut, and Washington D.C. The firm's
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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