LOS ANGELES, June 17, 2019 (GLOBE NEWSWIRE) — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Dynagas LNG Partners LP (“Dynagas” or “the Company”) (NYSE: DLNG, DLNG-PA, DLNG-PB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares between February 16, 2018 and March 21, 2019, inclusive (the ”Class Period”), are encouraged to contact the firm before July 16, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
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.
According to the Complaint, the Company made false and misleading statements to the market. Dynagas entered into a new three-year charter contract with Statoil with reduced revenues, this agreement was not a continuation of the existing contract. Based on the reduction in revenues, the Company’s distribution operations were not sustainable. The Company’s cash flow also failed to be long-term requirements for distribution plans. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Dynagas, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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