BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of StoneMor Partners L.P. (“StoneMor” or the “Company”) (NYSE: STON) concerning the Company and its officers’ possible violations of federal securities laws.
On September 2, 2016, StoneMor disclosed that it would restate its financials to rectify numerous mistakes. Shortly thereafter, on October 27, 2016, StoneMor reduced its distribution by half, and on October 28, 2016 StoneMor's share price fell over 44%.
Then on November 9, 2016, StoneMor announced that it would be amending its Form 10-K for the fiscal year ended December 31, 2015, as well as its Forms 10-Q for the quarters ended on June 30, 2016 and March 31, 2016.
On this news, shares of StoneMor's fell over 5% on November 9, 2016.
If you purchased StoneMor 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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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