NEW YORK–(BUSINESS WIRE)–Rosen 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 Kim of Rosen Law
Firm toll free at 866-767-3653 or via email at [email protected]
or [email protected].
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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.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275
Madison Avenue, 34th Floor
New York, NY 10016
Tel:
(212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
Contacts
Rosen Law Firm
Phillip Kim
866-767-3653
[email protected]
[email protected]
