Recovery of Investor Losses in Oil & Energy Funds
Morgan & Morgan’s securities attorneys within our Business Trial Group are investigating losses in oil and energy investments, including losses in the United States Oil Fund LP.
Oil prices have crashed to multi-decade lows amidst drastically reduced demand during the COVID-19 pandemic. The most heavily traded crude contracts recently fell to their lowest level in over 20 years. And one contract for U.S crude oil fell into negative territory for the first time ever – meaning that sellers had to pay buyers to take barrels.
Energy producers like Royal Dutch Shell PLC and BP PLC have collectively lost hundreds of billions of dollars in market value this year.
This leads to losses for investors in oil ETFs and other oil- and energy-related products: the United States Oil Fund LP has lost almost 80% this year. Other oil funds and limited partnerships have suffered huge losses as well.
Investors also may have experienced substantial losses if their investments were over-concentrated in energy stocks and other energy products.
If you have suffered losses in oil or energy investments, we are here to help. Contact us today to speak with an experienced securities attorney at Morgan & Morgan’s Business Trial Group, or for a free case review..
The Business Trial Group at Morgan & Morgan helps investors recover their losses on a contingency basis. We are only paid if we successfully recover money for you. We aggressively fight for justice against brokerage firms, investment advisory firms, and banks. We have helped investors recover tens of millions of dollars of investment losses.
The Business Trial Group is part of the largest contingency law firm in the nation, with more than 700 lawyers and offices across the country.