An investigation on behalf of current long term investors in Dynagas LNG Partners LP (NYSE: DLNG) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/16/2019 -- Certain directors of Dynagas LNG Partners LP are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Dynagas LNG Partners LP (NYSE: DLNG) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: DLNG stocks follows a lawsuit filed against Dynagas LNG Partners LP over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: DLNG stocks, concerns whether certain Dynagas LNG Partners LP directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that the Company's new three year charter agreement with Statoil was not a continuation of its current contract but a new agreement with reduced revenue, that, as a result of the reduced revenue, the Company's distribution was not sustainable, that the Company's ability to generate cash flow long term did not support its distribution levels, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Dynagas LNG Partners LP (NYSE: DLNG) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.