Weatherford ($WFRD) Is Paying a $140M Settlement to Investors — Here’s How to Get Your Share

Court: SEC

Case: 3-17582

Last year, Weatherford WFRD agreed to pay $140M to settle claims of issuing false financial statements that inflated earnings by over $900M.

This settlement presents a great opportunity for investors to recover some of their losses. Here’s what you need to know to claim your payout.

Who is eligible?

All persons who purchased or otherwise acquired the publicly traded securities of Weatherford, during the period from February 25, 2009, through November 12, 2012, inclusive.

Do you have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

More than 100 companies are currently paying out settlements. Connect your portfolio to automatically see which ones you might have missed — or file manually for this case. Don’t miss your chance to get yours back.