Business

Dynagas LNG Partners LP (NYSE: DLNG) Investor Lawsuit alleges False and Misleading Statements

Press Release

An investor, who purchased shares of Dynagas LNG Partners LP (NYSE: DLNG), filed a lawsuit in the over alleged violations of Federal Securities Laws by Dynagas LNG Partners LP.

Investors in shares of Dynagas LNG Partners LP (NYSE: DLNG) have certain options and for certain investors are short and strict deadlines running. Deadline: July 16, 2019. NYSE: DLNG investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Dynagas LNG Partners LP (NYSE: DLNG) common shares between February 16, 2018 and March 21, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 16, 2018 and March 21, 2019, the Defendants failed to disclose to investors that the Company’s new three year charter agreement with Statoil was not a continuation of its current contract but a new agreement with reduced revenue, that, as a result of the reduced revenue, the Company’s distribution was not sustainable, that the Company’s ability to generate cash flow long term did not support its distribution levels, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Dynagas LNG Partners LP (NYSE: DLNG) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.