BENSALEM, Pa.–(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;–Law Offices of Howard G. Smith 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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
