NEW YORK, Nov. 15, 2016 /PRNewswire/ -- The Law
Offices of Vincent Wong announce
that a class action lawsuit has been commenced in the USDC for the
Southern District of New York on
behalf of investors who purchased Ferrellgas Partners, L.P. (NYSE:
FGP) securities between June 1, 2015
and September 28, 2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/ferrellgas-partners-l-p. There
is no cost or obligation to you.
According to the complaint, throughout the Class Period,
Defendants made materially false and/or misleading statements
and/or failed to disclose that: (a) Ferrellgas' propane sales were
declining; (b) the Company's midstream logistics business was being
negatively affected by lower crude oil prices; (c) its Adjusted
EBITDA would fall below its projections; (d) the Company was
becoming increasingly leveraged and 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 - 6.05x; (e) Ferrellgas would likely need to reduce
its dividend; and (f) as a result of the above, the Company's
statements about its business, operations, and prospects were false
and misleading and/or lacked a reasonable basis at all relevant
times.
If you suffered a loss in Ferrellgas Partners you have until
December 5, 2016 to request that the
Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://www.wongesq.com/pslra/ferrellgas-partners-l-p.
Vincent Wong, Esq. is an
experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong