LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24DLNG&src=ctag” target=”_blank”gt;$DLNGlt;/agt; lt;a href=”https://twitter.com/hashtag/CLASSACTION?src=hash” target=”_blank”gt;#CLASSACTIONlt;/agt;–Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf
of Dynagas LNG Partners LP (“Dynagas” or the “Company”) (NYSE: DLNG)
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 [email protected],
or visit our website at www.glancylaw.com.
On November 15, 2018, the Company announced that two of its vessels
entered extended charter contracts at lower rates compared with prior
charter contracts.
On this news, the Company’s share price fell $1.07, more than 13%, to
close at $6.69 on November 16, 2018, thereby injuring investors.
Then, on January 25, 2019, the Company announced a 75% cut to its global
distribution “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, the Company’s share price fell $1.11, more than 27%, to
close at $2.91 on January 28, 2019, thereby injuring investors further.
If you purchased Dynagas 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 Portnoy, of GPM, 1925 Century Park East, Suite
2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number, and the number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]
