November 9, 2016 - 10:25 AM EST
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EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Ferrellgas Partners LP and Reminds Investors with Losses In Excess of $250,000 to Contact the Firm

IRVINE, CA / ACCESSWIRE / November 9, 2016 / Khang & Khang LLP (the "Firm") announces a class action lawsuit against Ferrellgas Partners LP ("Ferrellgas" or the "Company") (NYSE: FGP). Investors who purchased or otherwise acquired shares between June 1, 2015 and September 28, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the December 5, 2016 lead plaintiff motion deadline.

If you purchased Ferrellgas shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The complaint alleges that during the Class Period, Ferrellgas made false and/or misleading statements and/or failed to disclose: that its propane sales were declining; that the Company's midstream logistics business was being negatively affected by lower crude oil prices; that Ferrellgas' Adjusted EBITDA would fall below its projections; that 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; that Ferrellgas would likely need to reduce its dividend; and that 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.

On September 28, 2016, Ferrellgas announced that had a net loss for fiscal 2016 of approximately $665 million, whereas it had a net profit of $29 million for fiscal 2015. Also, the Company's President, CEO and Director Stephen Warnbold resigned immediately. When this information reached the public, Ferrellgas' stock price declined, which caused investors harm.

If you wish to learn more about this lawsuit at no cost to you, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at [email protected].

This press release may constitute Attorney Advertising in some jurisdictions.


Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
[email protected]

SOURCE: Khang & Khang LLP

Source: ACCESSWIRE Investor Awareness (November 9, 2016 - 10:25 AM EST)

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