Welcome to the website for the Weatherford SEC Fair Fund.

If you purchased or acquired Weatherford common stock ("Eligible Securities") during the period from February 25, 2009 through November 12, 2012 ("Relevant Period") you may be eligible to recover from the Weatherford SEC Fair Fund (“Fair Fund”).

Background:

On September 27, 2016, the Commission issued the Weatherford Order against the Weatherford Respondents. In the Weatherford Order, the Commission found that, between 2007 and 2012, Weatherford, a large multinational provider of oil and natural gas equipment and services, issued false financial statements that inflated its earnings by over $900 million in violation of Generally Accepted Accounting Principles (“GAAP”). As a result, Weatherford was forced to restate its financial statements on March 8, 2011, and again in February and July 2012. As a result of the conduct described in the Weatherford Order, the Commission ordered the Weatherford Respondents to pay a total of $140,364,067 in disgorgement, prejudgment interest, and civil money penalties. All the amounts ordered have been paid. Pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley”), the Weatherford Order created a Fair Fund for distribution of the amounts ordered to harmed investors.

On October 18, 2016, the Commission issued the E&Y Order against the E&Y Respondents. According to the E&Y Order, the E&Y Respondents violated the federal securities laws and engaged in improper professional conduct while serving as the external auditor, coordinating (i.e., signing) partner, and tax partner, respectively for Weatherford in connection with its 2007-2010 financial statements. As a result of this conduct, the Commission ordered the E&Y Respondents to pay a total of $11,840,107 in disgorgement, prejudgment interest, and civil money penalties to the Commission, and created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley of 2002.

On November 30, 2017, the Commission issued an Order consolidating the Weatherford and Ernst & Young Fair Funds into a single Fair Fund for distribution to harmed investors, for a total Fair Fund in the amount of $152,204,174 (the “Fair Fund”).

The Fair Fund is currently deposited in a Commission designated interest-bearing account at the United States Department of the Treasury’s Bureau of the Fiscal Service, where it will be held until a disbursement is ordered. It is not anticipated that the Fair Fund will receive additional funds, other than accumulated interest and earnings from investment.

If you previously filed an approved claim in the Class Action and do not wish to amend your claim, do not submit another Proof of Claim. You will automatically be deemed to be an Eligible Claimant with respect to transactions in the Class Action for which your claim was approved.

If you previously filed a claim in the Class Action that was determined to be deficient and you failed to cure such deficiencies, and you wish to participate in the Fair Fund, you must submit documentation to support your claim so that it is received no later than September 26, 2024.

If you did not previously file a claim in the Class Action and wish to participate in the Fair Fund, you must submit a Proof of Claim Form and documentation, which must be postmarked or, if not mailed, received no later than September 26, 2024. You may download a Proof of Claim Form from this website; after you complete the form, you should submit it as instructed on the Claim Form.