LOS ANGELES--(BUSINESS WIRE)--The Wagner Firm announces that it is investigating potential claims 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. Injured investors are encouraged to contact The Wagner Firm to discuss their legal rights, and a potential class action lawsuit to recover investors’ losses.
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 fiscal year 2016, compared to net earnings of $29.6 million 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 shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Avi Wagner, Esquire, of The Wagner Firm, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 491-7949, by e-mail at firstname.lastname@example.org.
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