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LOS ANGELES, Aug. 28, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Valaris plc (“Valaris” or “the Company”) (NYSE: VAL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between April 11, 2019 and July 31, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before October 21, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Valaris suffered from serious weakness in its ultra-deepwater segment, heavy cash expenditures, and negative cash flow. These negative factors were likely to impact the Company’s second quarter 2019 results. The merger that resulted in the creation of Valaris had no ability to deliver on its promises of efficiencies and improvements. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Valaris, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm