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Glancy Prongay & Murray LLP Announces Investigation on Behalf of Valaris plc Investors

September 9, 2019

LOS ANGELES--(BUSINESS WIRE)--Sep 9, 2019--

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Valaris plc (“Valaris” or the “Company”) (NYSE: VAL ) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.

On April 11, 2019, Ensco plc and Rowan Companies plc combined to form Ensco Rowan plc, which was later renamed Valaris plc.

On July 31, 2019, the Company announced its second quarter 2019 financial results, its first earnings report since the merger, which missed market expectations. As noted by Seeking Alpha in an article published on August 2, 2019, Valaris’ results “shock[ed] investors with massive cash usage [and] . . . surprisingly weak outlook for the ultra-deepwater segment with further dayrate recovery likely delayed until at least the second half of next year.”

On this news, Valaris’ stock price fell $1.50, or over 18%, to close at $6.77 on August 1, 2019, thereby injuring investors.

If you purchased Valaris securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190909005211/en/

CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York

Lesley F. Portnoy, 310-201-9150 or 888-773-9224

shareholders@glancylaw.com

www.glancylaw.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2019.

PUB: 09/09/2019 08:00 AM/DISC: 09/09/2019 08:01 AM

http://www.businesswire.com/news/home/20190909005211/en

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