NEW YORK, Jan. 11, 2017 /PRNewswire/ -- Rosen Law Firm, a
global investor rights law firm, announces the filing of a class
action lawsuit on behalf of purchasers of StoneMor Partners L.P.
securities (NYSE: STON) from January 19,
2012 through October 27, 2016,
inclusive (the "Class Period"). The lawsuit seeks to recover
damages for StoneMor investors under the federal securities
laws.
To join the StoneMor class action, go to
http://rosenlegal.com/cases-1004.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 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 Complaint, StoneMor made false and misleading
statements and/or failed to disclose during the Class Period that:
(1) StoneMor's reported non-GAAP financial metrics were materially
misleading and concealed the truth about StoneMor's actual
financial condition; and (2) the primary purpose of
StoneMor's regular debt and equity offerings were to pay
distributions to unitholders rather than to pay down indebtedness
under StoneMor's revolving credit facility as publicly stated. As a
result, StoneMor's statements about its 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
January 20, 2017. 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
http://rosenlegal.com/cases-1004.html or to discuss your rights or
interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.