BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Ferrellgas Partners LP (“Ferrellgas” or the “Company”) (NYSE: FGP) concerning the Company and its officers’ possible violations of federal securities laws.
Ferrellgas distributes and sells propane and related equipment and supplies primarily in the United States.
On September 28, 2016, Ferrellgas reported its results for the 2016 fourth quarter and full year. The Company disclosed a net loss of $665.4 million for the 2016 fiscal year, compared to net earnings of $29.6 million in for fiscal year 2015. On the same day, the Company’s CEO, Stephen L. Wambold, resigned.
On this news, shares of Ferrellgas fell over 21% to close at $13.00 per share on September 28, 2016, thereby injuring investors.
If you purchased Ferrellgas securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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