JONES ENERGY INC. (OTC: JONE) Losses?

JONES ENERGY INC. (OTC: JONE) LOSSES?

Soreide Law Group is evaluating possible investor claims against brokers and advisors who sold investors Jones Energy, Inc. (OTC: JONE). Evidently this United States exploration and production company, who has been in the business for over 30 years, filed for a chapter 11 bankruptcy on April 15, 2019. Supposedly, most of its noteholders, both secured and unsecured, approved of a deal designed for converting over $1,000,000,000 from debt to equity. Evidently, the company emerged from chapter 11 bankruptcy on May 17, 2019 upon meeting the requirements of the plan that the United States Bankruptcy Court confirmed May 6, 2019. The bankruptcy filing comes after JONE plummeted from $3.19 a share on October 1, 2018 to $0.14 a share by April 1, 2019.

Jones Energy Inc. Bankruptcy Causes Debt Holders To Become Equity Holders

Particularly, Jones Energy claimed that its restructuring plan enables it to make trade creditors whole on outstanding obligations. Particularly, the plan is meant to equitize all of the company's prepetition funded debt, satisfy all claims and authorize incurrence of an exit facility. The approved plan set in motion the cancellation of Jones Energy Securities and subsequent issuance of 4,436,130 shares of Class A common stock in Jones Energy II, Inc (OTC Pink: JEII ). It also issued 9,843,870 shares of Class B common stock in Jones Energy, II Inc.

Brokers Making Misrepresentations Or Bad Recommendations To Investors About JONE

Brokers and investment advisors have traditionally recommended oil and gas investments to investors as a way to generate attractive returns. Some professionals have pushed these investments by focusing on high profits, income and consumer demand for energy. Yet, there are actually considerable risks when it comes to those investments. Some brokers or advisors could have provided bad advice about Jones Energy Inc. investments, recommending riskier investments to conservative investors. Additionally, it is possible brokers or advisors misrepresented or omitted information about the investment risks. Investors can bring claims against brokers and advisors for losses caused by misrepresentation and unsuitability.

Did You Lose Money By Investing In Jones Energy Inc.?

Have you suffered losses from purchasing Jones Energy Inc. (JONE)? If so, contact Soreide Law Group at (888) 760-6552. Speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.