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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

  • Martindale-Hubbell® Peer Review Ratings™ has recognized attorney David Meyer as an AV Preeminent® attorney in High Ethical Standing.

  • Attorneys David Meyer and Matthew Wilson have received a 10 out of 10 “Superb” rating on Avvo, calculated based on stringent and exhaustive criteria.

  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

Don’t Fall Prey to Oil Spill Stock Scams

It didn’t take long for fraudsters to find a way to take advantage of the catastrophic oil spill in the Gulf of Mexico. The Financial Industry Regulatory Authority (FINRA) has reported that there is a financial threat to investors associated with oil spill stock scams. Apparently, investors are being promised financial gains by investing in companies that allege to be involved in clean-up.

Since the Deepwater Horizon oil rig exploded in the Gulf of Mexico, causing oil to billow into the water on a daily basis, millions of dollars have been spent in the cleanup efforts. As of the date of this article, the long-term costs are still unknown. While experts are looking for ways to cleanup the oil and stop the leak, scam artists are formulating ways to profit.

Know the Signs of an Oil Spill Scam

There are some ways that you can detect an oil spill stock scam. You need to be cautious if you read a press release, unsolicited fax or spam email that contains the following:

  • Statements that the company has the products or technologies that would aid in restoring the ecosystem or addressing the oil spill
  • Claims that the company has, or is expecting to have, a contract with BP
  • Pressure to invest right away in the stock
  • Claims that the company is advising BP or a government department
  • Predictions of tremendous growth

Avoid Financial Loss in an Investment Scheme

As with any investment, you need to do your homework first and don’t rely on the claims and promises made by the company and/or solicitor. Find out where the stock trades and inquire into the company’s SEC filings. Be especially careful if the stock is touted as having immediate payoffs.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

Get Help With Your Case Now

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