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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 21, 2019 to file lead plaintiff applications in a securities class action lawsuit against Valaris plc (f/k/a Ensco Rowan plc) (NYSE: VAL).
Valaris and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 31, 2019, the Company revealed its 2Q2019 financial results that were below market expectations leading to criticism by market analysts including a Seeking Alpha report highlighting the Company’s “massive cash usage [and]…surprisingly weak outlook for the ultra-deepwater segment” and free cash flow for the quarter, which was “negative by a whopping $375 million.”
On this news, the price of Valaris’ shares plummeted.
If you purchased securities of Valaris and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Zhang v. Valaris Plc, 19-cv-07816. Click here to read the case complaint.