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Arch Coal subsidiary lay off workers at Colorado's West Elk mine

Lagging bituminous coal sales from the West Elk mine in Colorado has forced an Arch Coal subsidiary to lay off 80 workers, the company said Monday. Arch Coal subsidiary Mountain Coal had announced the cuts amid “continuing challenges in domestic and international thermal coal markets,” Saint Louis-based spokeswoman Logan Bonacorsi said. “Up to this point, […]

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Aidikoff, Uhl & Bakhtiari Announces Investigation of Breitburn Energy and other Energy Related Master Limited Partnerships

Aidikoff, Uhl & Bakhtiari is investigating investor losses in oil and gas companies including Los Angeles-based Breitburn Energy Partners (“Breitburn”). On May 15, 2016, Breitburn filed for Chapter 11 bankruptcy protection, citing a continued decline in oil prices which have eroded its balance sheet. Financial service or brokerage firms that recommended the purchase of Breitburn […]

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Breitburn Energy Partners LP filed for Chapter 11 Bankruptcy Protection

Oil and gas company Breitburn Energy Partners LP has filed for Chapter 11 bankruptcy protection, citing continued declines in oil prices which have eroded its balance sheet. Los Angeles-based Breitburn (Nasdaq: BBEP) said it expects to continue its operations without interruption, with cash from its operations, cash on hand, and a $75 million debtor-in-possession financing facility […]

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Aidikoff, Uhl & Bakhtiari Announces Filing of FINRA Arbitration on Behalf of Former Customers of LPL Financial Broker Karl Romero

Aidikoff, Uhl & Bakhtiari announces the filing of a FINRA arbitration and its continuing investigation of the sales practices of Karl Romero (Nasdaq:LPLA) for his management of client accounts and the overconcentration of energy and/or real estate related stocks including: Gastar Exploration Arbor Realty Resource Capital Corp. We are currently investigating whether all material risks of […]

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Updates to the FINRA Arbitration Process

The FINRA Board of Governors met this week to discuss a number of issues, including several rulemaking items. A summary of the rule proposals that relate to FINRA arbitration, as approved by the FINRA Board, are below. Broadening Chairperson Eligibility in Arbitration The Board authorized filing with the SEC proposed amendments to Rules 12400 and […]

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