Rosen Law Firm Reminds Ferrellgas Partners, L.P. Investors of Important Deadline in Class Action - FGP
October 26 2016 - 12:05PM
Business Wire
Rosen Law Firm, a global investor rights law firm, reminds
purchasers of Ferrellgas Partners, L.P. (NYSE: FGP) from June 1,
2015 through September 28, 2016, both dates inclusive (the “Class
Period”) of the important December 5, 2016 lead plaintiff deadline
in the class action. The lawsuit is seeking recovery of investor
losses.
To join the Ferrellgas Partners class action, go to the firm’s
website at http://www.rosenlegal.com/cases-962.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for more information on
the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants
issued false and misleading statements to investors and/or failed
to disclose that: (1) Ferrellgas Partners’ propane sales were
declining; (2) Ferrellgas Partners’ midstream logistics business
was being negatively impacted by low crude oil prices; (3)
Ferrellgas Partners’ Adjusted EBITDA would fall below its own
projections; (4) Ferrellgas Partners was becoming more and more
leveraged; (5) Ferrellgas Partners would need to obtain an
amendment under the secured credit facility and accounts receivable
securitization facility to increase the maximum leverage ratio to a
range of 5.95x to 6.05x; (6) Ferrellgas Partners would likely need
to reduce its dividend; and (7) as a result, defendants’ statements
about Ferrellgas Partners’ business, operations, and prospects were
false and misleading and/or lacked a reasonable basis at all
relevant times. When the true details entered the market, the
lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
December 5, 2016. A lead plaintiff is a representative party acting
on behalf of other class members in directing the litigation. If
you wish to join the litigation, go to the firm’s website
at http://www.rosenlegal.com/cases-962.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at
pkim@rosenlegal.com or kchan@rosenlegal.com.
LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or
on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20161026006372/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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