The firm is investigating a derivative case against W&T Offshore Inc. (NYSE: WTI)
A shareholder derivative suit against W&T Offshore, Inc. (WTI), an oil and gas company with approximately sixty offshore oil fields. A recently unsealed whistleblower complaint alleges that the company has repeatedly discharged oil into the Gulf of Mexico, failed to record the discharges, and falsified water samples and related reports. Furthermore, recently a fire started on one of its platforms, causing evacuation of personnel and an oil spill. Based on these violations, the company is now subject to a grand jury investigation by the U.S. Attorney General of the eastern district of Louisiana, and the Environmental Protection Agency.
If you are a current shareholder since early 2009 and would like to discuss your options of exercising your rights as a shareholder, which include ensuring that the company is getting the highest possible price for the company, and that the board of directors will act in the best interest of the shareholders, please contact us.
Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.