Business

Valaris plc (NYSE: VAL) Investor Lawsuit alleges False and Misleading Statements

Press Release

An investor, who purchased shares of Valaris plc (NYSE: VAL), filed a lawsuit over alleged violations of Federal Securities Laws by Valaris plc in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Valaris plc (NYSE: VAL) have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Valaris plc (NYSE: VAL) common shares between April 11, 2019 and July 31, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 11, 2019 and July 31, 2019, the defendants failed to disclose to investors that the Company was plagued by a weak ultra-deepwater segment, massive cash usage, and significant negative cash flow, that the foregoing was reasonably likely to have a material negative impact on the Company’s second quarter 2019 results, that the merger leading to Valaris’s establishment could not deliver on its touted benefits, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Valaris plc (NYSE: VAL) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.