INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Ferrellgas Partners, L.P. of a Class Action Lawsuit & a Lead Pl...
November 11 2016 - 10:31AM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Ferrellgas Partners, L.P. (NYSE: FGP)
between June 1, 2015 and September 28,
2016. You are hereby notified that a securities
class action lawsuit has been commenced in the USDC for the
Southern District of New York. To get more information go
to:
http://www.zlk.com/pslra/ferrellgas-partners-l-p
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The complaint alleges that 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.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation, and have recovered
hundreds of millions of dollars for aggrieved shareholders.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20161111005419/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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