INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Ferrellgas Partners, L.P. of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 5, 2016
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161111005419/en/
Copyright Business Wire 2016
Source: Business Wire
(November 11, 2016 - 10:31 AM EST)
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