Kendall Law Group Announces Derivative Action On Behalf Of Weatherford International Ltd. Shareholders
Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, plans to file a derivative suit for breaches of fiduciary duty and other federal and state laws by certain officers and directors of Weatherford International Ltd. (NYSE: WFT). Weatherford International Ltd. (Weatherford) is currently under investigation by the U.S. Department of Commerce, the Bureau of Industry & Security, the Office of Foreign Assets Control, the Department of Justice and the Securities and Exchange Commission (SEC) for various possible violations. Shareholders familiar with the investigation or who may have suffered a loss as a result are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org.
Weatherford is under investigation for its participation in the oil-for-food program in Iraq, allegations of “improper sales of products and services” by Weatherford and its subsidiaries in “certain sanctioned countries,” and possible violations of the Foreign Corrupt Practices Act. In the 2009 annual report filed with the SEC, Weatherford revealed costs that included $106 million for legal and professional fees, $56 million in connection with their exit from certain sanctioned countries in 2008, and $45 million and $47 million in 2008 and 2009 respectively, in connection with the on-going investigations. Weatherford has also revealed that internal investigations “have uncovered potential violations of U.S. law in connection with activities in West Africa.”
Kendall Law Group has the credentials and experience to pursue any type
of complex securities litigation in the nation. The firm represents
shareholders nationwide when publicly traded companies violate the law.
Shareholders are urged to contact attorney Scott Kendall for more
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV