TMCnet News
EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Dynagas LNG Partners LP - DLNG, DLNG-PA, DLNG-PBRosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Dynagas LNG Partners LP (NYSE: DLNG, DLNG-PA, DLNG-PB) resulting from allegations that Dynagas may have issued materially misleading business information to the investing public. On November 15, 2018, Dynagas issued a press release disclosing that two of its vessels entered extended charter contracts at "lower rates compared with the previous charter contracts." On this news, shares of Dynagas fell $1.07 or over 13.7% to close at $6.69 per share on November 16, 2018. On January 25, 2019, Dynagas announced that it would be cutting its quarterly distribution by 75% as it was "necessary in order to retain more of the cash generated from the Partnership's long term contracts to maintain a steady cash balance." On this news, shares of Dynagas fell $1.11 or over 27.6% to close at $2.91 per share on January 28, 2019. Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Dynagas investors. If you purchased shares of Dynagas please visit the firm's website at http://www.rosenlegal.com/cases-register-1576.html to join the class action. You may also contact Phillip im of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected]. Follow us for updates on LinkedIn (News - Alert): https://www.linkedin.com/company/the-rosen-law-firm, on Twitter (News - Alert): https://twitter.com/rosen_firm or on Facebook (News - Alert): https://www.facebook.com/rosenlawfirm/. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information:
Laurence Rosen, Esq. View source version on businesswire.com: https://www.businesswire.com/news/home/20190517005371/en/ |