SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

January 26, 2015 16:03 ET

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in SeaDrill Limited (SDRL) to Contact the Firm

NEW YORK, NY--(Marketwired - January 26, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in SeaDrill Limited ("SeaDrill" or the "Company") (NYSE: SDRL) of the February 3, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against SeaDrill and certain executives and directors. 

A complaint has been filed in the Southern District of New York on behalf of all persons who purchased SeaDrill American Depository Receipts ("ADRs") from July 10, 2014 through November 25, 2014, inclusive (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, SeaDrill made false and/or misleading statements that its backlog and strong balance sheet were sufficient to support paying a $4 annual dividend through 2016.

On November 26, 2014, the Company announced that it was indefinitely suspending its dividend.

Following this news, the price of SeaDrill's stock declined by $4.72, or nearly 23%, to close at $15.99 on November 26, 2014.

Request more information now by clicking here: www.faruqilaw.com/SDRL. There is no cost or obligation to you.

Take Action

If you invested in SeaDrill ADRs, bonds or options from July 10, 2014 through November 25, 2014, and would like to discuss your legal rights, visit www.faruqilaw.com/SDRL. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding SeaDrill's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330