Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Star Gas Partners, L.P. HARTFORD, Conn., Oct. 22 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Connecticut on behalf of all persons who purchased the securities of Star Gas Partners, L.P. (NYSE: SGU; SGH) ("Star Gas") between December 4, 2003 and October 18, 2004 (the "Class Period"), including anyone who purchased in the February 2, 2004 public offering. The complaint alleges that during the Class Period, Star Gas violated federal securities laws by issuing false and misleading public statements. On October 18, 2004, TheStreet.com issued an article, entitled "Stocks In Motion: Star Gas," which stated: "Earnings at Star Gas' heating oil unit are expected to decline substantially, the company said, which will not permit it to meet the borrowing conditions under its working capital line. Star is currently in talks with lenders to modify conditions and other terms that would allow its business unit to operate through the winter. If lenders do not agree, however, to offer modified terms, Star said it could be forced to seek alternative financing on 'extremely disadvantageous' terms or even be forced to seek bankruptcy protection." On this news, Star Gas's stock closed at $4.32 per share on October 18, 2004, down from a closing price of $21.60 per share on the previous trading day. If you are a member of the class, you may, no later than December 20, 2004, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s). For more information about the case, its claims, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at . To view a copy of the lawsuit initiating the class action, or for more information about class action cases and Schatz & Nobel, please visit our website: http://www.snlaw.net/. CONTACT: Wayne T. Boulton Tel.: (800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz & Nobel, P.C. CONTACT: Wayne T. Boulton of Schatz & Nobel, +1-800-797-5499, Web site: http://www.snlaw.net/

Copyright