NEW YORK, Jan. 20, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a global investor-rights firm, reminds purchasers of SeaDrill Limited stock (NYSE: SDRL ) during the period from July 10, 2014 through November 25, 2014, of the important February 3, 2015 lead plaintiff deadline in the class action.
To join the SDRL class action, go to the website http://www.rosenlegal.com/cases-458.html or call Jonathan Horne, Esq. or Phillip Kim toll-free at 866-767-3653 or email pkim@rosenlegal.com or jhorne@rosenlegal.com for information on the class action.
"The lawsuit alleges that Seadrill falsely told investors in July 2014 that it would maintain its dividend until at least the end of 2015. The statements stabilized its stock price and allowed it to retire several hundred million dollars of its debt," said Rosen attorney Jonathan Horne. "But then, a mere four months later, Seadrill shocked the markets by eliminating the dividend, effective immediately. The markets had relied on Seadrill's statements that it would maintain the dividend, and Seadrill's market capitalization fell more than $2 billion in a single day."
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
If you wish to join the class action go to http://www.rosenlegal.com/cases-458.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Jonathan Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or jhorne@rosenlegal.com .
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Laurence Rosen, Esq. Phillip Kim, Esq. Jonathan Horne, Esq. The Rosen Law Firm P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 www.rosenlegal.com
