Silver Law Group, a nationally-recognized class action law firm, is investigating AllianceBernstein Energy Opportunity Fund, L.P. and AllianceBernstein Energy Opportunity Fund, L.P II (collectively “AB Energy Funds”) on behalf of shareholders in the company.
The AB Energy Funds are pooled investment private equity funds, focused in the oil and gas industry, sold by AllianceBernstein. According to Alliance Bernstein, the AB Energy Funds’ “. . . investment objective and strategies are to generate attractive risk-adjusted returns, through current income and capital gains, by capitalizing on private and public debt and equity investment opportunities in North American oil and gas producers.”
AB Energy Funds are private placement investments, which are illiquid, carry intersnal commissions and fees, and are not subject to more strict regulation under securities laws. Often, broker dealers and financial advisors orally tout these kinds of funds as safe investments that are promised to grow and provide stable income. As these investments are illiquid, investors are forced to hold these investments through volatile times in the market or declines in the sector.
Due to the extreme disruption in the markets from the collapse in global oil prices, together with the economic impacts of COVID-19, the value of many private placement investments that are concentrated in the oil industry, like the AB Energy Funds, have plummeted. Worse, many energy private placements have announced that they are suspending both distributions and redemptions.
Recovering Money Lost With AllianceBernstein Energy Funds
If you suffered losses with Alliance Bernstein Energy Opportunity Fund, L.P. and/or AllianceBernstein Energy Opportunity Fund, L.P II, we’d like to hear from you. Contact us to discuss your options to recover losses.
Silver Law Group’s nationally-recognized attorneys represent investors in class actions against issuers in state or federal court, as well as securities arbitration claims against brokerage firms for stockbroker misconduct.
Scott Silver, Silver Law Group’s managing partner, is the chairman of the Securities and Financial Fraud Group of the American Association of Justice. Contact Scott Silver for a no-cost consultation at firstname.lastname@example.org or toll free at (800) 975-4345.