LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) investors concerning the Company and its officers’ possible violations of federal securities laws.
On February 22, 2017, Seadrill disclosed that it would need to restate its 2015 financial statements in order to accurately reflect US GAAP fair value accounting principles. According to the Company, there was a material weakness found in internal controls over financial reporting relating to its accounting for certain interest rate and cross currency hedges.
If you purchased Seadrill securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.