Cubic Energy Inc.— Bankruptcy Filing

California stockbroker fraud attorneyCubic Energy Inc. Allegedly Filed for Bankruptcy Protection in a Prepackaged Plan

Have you invested your hard-earned money in Texas and Louisiana independent operator Cubic Energy Inc.? Cubic Energy Inc. allegedly has filed for bankruptcy protection in a prepackaged plan that gives control of the company to its lenders, according to the filing in U.S. Bankruptcy Court in Delaware.

Dallas-based Cubic is handing over control of the company to creditor Wells Fargo Energy Capital Inc. and secured bondholders, according to the filing in U.S. Bankruptcy Court in Delaware.

Cubic Energy Inc. Purportedly Has Between 50 and 99 Creditors, Assets of $50 Million to $100 million, and Debts of $100 Million to $500 Million

Has your our stockbroker made a recommendation that you invest in Cubic Energy Inc.? If so, you may be entitled to seek compensation for your investment against the brokerage firm your investment professional was registered with, if the investment recommendation did not include adequate disclosures regarding the risks involved in your investment, or was otherwise inappropriate given your risk profile.

The aforementioned filing claims that the company has between 50 and 99 creditors, assets of $50 million to $100 million, and debts of $100 million to $500 million, according to the filing in U.S. Bankruptcy Court in Delaware.

According to Cubic’s website, in Texas the company owns 28 natural gas wells and 19 oil wells, located in Leon County, and the gas wells are producing from the Lower Bossier, Middle Bossier, Cotton Valley Knowles Limestone and Pettet formations, and the oil wells are producing from the Austin Chalk, Woodbine and Glen Rose formations.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers often assist investors who lose money as a result of inappropriate investment recommendations in energy companies. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of risky energy companies are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.