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OW Bunker Files For Bankruptcy

OW Bunker Files For Bankruptcy

OW Bunker Files For Bankruptcy 150 150 Rex Securities Law

November 6, 2014- OW Bunker, the world’s leading ship fuel provider which went public in March 2014, filed for bankruptcy and has reported employees in its Singapore operation to the police alleging fraud.

OW Bunker A/S, O.W. Bunker & Trading A/S and O.W. Supply Trading A/S are the companies affected. According to Bloomberg, the company lost $275 million through a combination of poor risk management and fraud committed by senior executives in Singapore. Trading was suspended on November 5th.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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