The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Höegh LNG Partners LP (“Höegh” or “the Company”) (NYSE: HMLP) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Höegh announced on July 27, 2021, that it had slashed its quarterly common unit distribution by 98% to preserve cash, a move motivated by near-term financing problems. According to the Company, its refinancing plans for the FSRU facility off the coast of Indonesia collapsed after the charterer of the vessel announced plans to enter arbitration to terminate the charter. Based on this news, shares of Höegh crashed by about 65%.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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