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;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Dynagas LNG
Partners LP (“Dynagas” or “the Company”) (NYSE: DLNG,
DLNG-PA,
DLNG-PB)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
Investors who purchased the Company’s shares between February 16, 2018
and March 21, 2019, inclusive (the “Class Period”), are encouraged to
contact the firm before July 16, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Dynagas entered into a new three-year charter
contract with Statoil with reduced revenues, this agreement was not a
continuation of the existing contract. Based on the reduction in
revenues, the Company’s distribution operations were not sustainable.
The Company’s cash flow also failed to be long-term requirements for
distribution plans. Based on these facts, the Company’s public
statements were false and materially misleading throughout the class
period. When the market learned the truth about Dynagas, investors
suffered damages.
Join
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
www.schallfirm.com
Office:
310-301-3335
Cell: 424-303-1964
[email protected]
