REEF OIL & GAS INVESTMENT LOSSES
Have you suffered losses in a Reef Oil & Gas Partnership?

Blau & Malmfeldt is investigating the liability that broker dealer firms may have for selling limited partnership interests and promissory notes in various Reef Oil and Gas partnerships. These partnerships include Reef SWD 2007-A LP, Reef 2010 Drilling Fund LP, Reef Oil & Gas Development Fund, Reef Oil & Gas Development Fund II, LP, Reef Oil & Gas Development Fund III, LP, Reef 2010 Drilling Fund, Reef Global Energy VI, LP, Reef 2011 Private Drilling Fund LP, among others.

In 2010, Reef SWD 2007-A LP ("Reef SWD") filed for bankruptcy protection, and in 2013 the bankruptcy proceeding was concluded. Investors recieved only pennies on the dollar through the bankruptcy proceeding.

In December 2007 Reef SWD filed a notice of private securities offerings with the Securities & Exchange Commission through which it indicated that it intended to sell $11M of private partnership interests and that of the offering proceeds $1.65M would be reserved for sales commissions. In other words, for each dollar raised, 15 cents was paid to Reef SWD's sponsor and to various brokerage firms. The same appears to have been true for the other Reef Oil & Gas partnerships.

Many brokerage firms misled investors about the risks associated with oil and gas partnerships and concealed the sales commissions from them. These were always extremely risky investments, and brokerage firms often ignored their customers' welfare in pursuit of the huge commissions that they received on the sale of these investments. In addition, many brokerage firms improperly recommended that their customers concentrate their savings in oil and gas partnerships and other private placement securities.

Reef Oil & Gas losses may be recoverable in arbitration. If you believe that you were misled about the risks of a Reef Oil & Gas investment, or if your broker recommended that you concentrate your savings in oil and gas investments, please contact us for a free consultation.

ABOUT BLAU & MALMFELDT

Blau & Malmfeldt is a law firm that primarily represents investors in arbitration and litigation against securities and commodity futures industry members. We have recovered millions of dollars on behalf of our investor clients. Our clients are located throughout the United States. Contingency fee schedules are available.

Blau & Malmfeldt
566 West Adams Street, Suite 600
Chicago, Illinois 60661
Tel: (312) 443-1600
Fax: (312) 443-1665

SCHEDULE A FREE CONSULTATION WITH BLAU & MALMFELDT

We are focused on serving investors. Your consultation will be free of charge.

Name*
E-Mail*
Telephone
Comments    


* required fields

 

Articles
Investigations
Contact Us
Feed Widget
Blau & Malmfeldt
Attorneys at Law

566 West Adams Street
Suite 600
Chicago, Illinois 60661
312.443.1600
312.443.1665 (fax)

Paul Malmfeldt
pmalmfeldt@blau-malmfeldt.com

Les Blau
Blaulaw@gmail.com

mapus