Holzer Holzer & Fistel, LLC is investigating potential violations of the federal securities laws by Weatherford International Ltd. (“Weatherford” or the “Company”) (NYSE: WFT). The investigation focuses on whether a series of statements regarding Weatherford’s business, its prospects and its operations were materially false and misleading at the time they were made. Specifically, the investigation focuses on, among other things, the Company’s announcement that its financial statements for the years ended December 31, 2007, 2008, and 2009 and for the quarters ending March 31, 2010, June 30, 2010, and September 30, 2010, should no longer be relied upon. The Company stated in a March 1, 2011 filing with the United States Securities and Exchange Commission that it will make adjustments to its historical financial statements and 2010 fourth quarter earnings “totaling $500 million for the periods from 2007 to 2010,” primarily to correct “an error in determining the tax consequences of intercompany amounts over multiple years.”
If you invested in Weatherford common stock between April 25, 2007 and March 1, 2011, inclusive, or have held shares continuously during that time period, and have questions concerning your legal rights, you are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at
, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website,
, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.