Weatherford International Ltd, WFT Securities Stock Fraud

Company:	Weatherford International Ltd,
Ticker Symbol:	WFT
Class Period:	Apr-25-07 to Mar-1-11
Date Filed:	Mar-11-11
Lead Plaintiff Deadline:	May-10-11
Court:	Southern District of New York
Allegations:

New York, NY: A class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors who purchased Weatherford International Ltd. ("Weatherford" or the "Company") (NYSE: WFT) securities between April 25, 2007 and March 1, 2011, inclusive (the "Class Period"), and who were damaged thereby.

The complaint alleges that defendants knew or recklessly disregarded that their Class Period statements concerning Weatherford's business, operations and prospects were materially false and misleading, including: (1) that the Company improperly accounted for income taxes relating to intercompany amounts and foreign tax assets; (2) as a result, the Company's financial results were materially misstated during the Class Period; (3) that the Company's financial results were not prepared in accordance with GAAP; and (4) that the Company lacked adequate internal and financial controls. Based upon the foregoing, the complaint charges Weatherford and certain of its officers with violations of the Securities Exchange Act of 1934.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Weatherford International Ltd, WFT Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Weatherford International Ltd, securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.