LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is continuing its investigation on behalf of StoneMor Partners L.P. (“StoneMor” or the “Company”) (NYSE: STON) investors 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 correct numerous mistakes. Shortly thereafter, on October 27, 2016, StoneMor reduced its quarterly cash distribution by 50%, 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 fell over 5% to close at just $8.57 per share on November 9, 2016, thereby injuring investors.
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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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