NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Dynagas LNG Partners LP (NYSE: DLNG, DLNG-PA, DLNG-PB) resulting from allegations that Dynagas may have issued materially misleading business information to the investing public.
On November 15, 2018, Dynagas issued a press release disclosing that two of its vessels entered extended charter contracts at “lower rates compared with the previous charter contracts.” On this news, shares of Dynagas fell $1.07 or over 13.7% to close at $6.69 per share on November 16, 2018.
On January 25, 2019, Dynagas announced that it would be cutting its quarterly distribution by 75% as it was “necessary in order to retain more of the cash generated from the Partnership’s long term contracts to maintain a steady cash balance.” On this news, shares of Dynagas fell $1.11 or over 27.6% to close at $2.91 per share on January 28, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Dynagas investors. If you purchased shares of Dynagas please visit the firm’s website at http://www.rosenlegal.com/cases-register-1576.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
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