Zamansky LLC Investigates Alleged Losses By Bondholders of OSX Brazil SA And OGX Petroleo & Gas Participacoes SA, Companies Owned By Billionaire Eike Batista

Share Article

Zamansky LLC investigates alleged losses by bondholders of OSX Brazil SA and OGX Petroleo & Gas Participacoes SA, companies owned by billionaire Eike Batista, due to financial distress.

Zamansky LLC investigates alleged losses by bondholders of OSX Brazil SA ("OSX") and OGX Petroleo & Gas Participacoes SA ("OGX"), the companies owned by billionaire Eike Batista, due to reported financial distress. The investigation concerns sales of these bonds to investors by brokerage firms and financial advisors.

On September 12, 2013, Reuters reported that bondholders holding approximately $300 million of OSX's $500 million in bond had agreed not to sell their holdings despite a 20% fall in value. OSX is building a shipyard for Batista's OGX, Reuter's reports, and OGX also saw Fitch cut its rating on OGX debt to "C", or at risk of imminent default, from "CCC".

The investigation concerns alleged sales of OSX and OGX bonds to investors by financial advisors and brokerage firms. According to investment fraud attorney Jacob Zamansky, these bonds in companies suffering from financial distress are very risky and speculative. Investors should be careful that these bonds are suitable and appropriate for them, Zamansky states.

What OSX and OGX Bond Investors Can Do

If you invested in the OSX or OGX bonds through a brokerage firm or financial advisor, and would like to have your situation reviewed or discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.

To learn more about Zamansky, please visit our website, http://www.zamansky.com.

About Zamansky LLC

Zamansky LLC is one of the leading stock broker fraud law firms specializing in securities class actions and FINRA stockbroker fraud arbitration. We are stock fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.

To learn more about Zamansky, please visit our website, http://www.zamansky.com.

Contacts

Zamansky, LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414
jake(at)zamansky(dot)com

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jacob Zamansky
Zamansky & Associates LLC
212 742-1414
Email >
Visit website