SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on Their Investment in Linn Energy, LLC of Class Action

  SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on
  Their Investment in Linn Energy, LLC of Class Action Lawsuit and Upcoming
                               Deadline - LINE

PR Newswire

NEW YORK, Aug. 2, 2013

NEW YORK, Aug. 2, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom &
Gross LLP announces the filing of a class action lawsuit against Linn Energy,
LLC ("Linn" or the "Company")(NASDAQ: LINE) and certain of its officers. The
class action, filed in United States District Court, Southern District of
Texas, and docketed under 13-cv-01992, is on behalf of a class consisting of
all persons or entities who purchased or otherwise acquired securities of Linn
between February 24, 2011 and July 1, 2013 both dates inclusive (the "Class
Period"). This class action seeks to recover damages against the Company and
certain of its officers and directors as a result of alleged violations of the
federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

If you are a shareholder who purchased Linn securities during the Class
Period, you have until September 9, 2013 to ask the Court to appoint you as
Lead Plaintiff for the class. A copy of the Complaint can be obtained at To discuss this action, contact Robert S. Willoughby at or 888.476.6529 (or 888.4-POMLAW), toll free, x237.
Those who inquire by e-mail are encouraged to include their mailing address,
telephone number, and number of shares purchased.

Linn is an independent natural gas exploration and production company. The
Company develops and acquires various oil and gas properties in the United

The Complaint alleges that throughout the Class Period, Defendants made false
and/or misleading statements, as well as failed to disclose material adverse
facts about the Company's business, operations, and prospects. Specifically,
Defendants made false and/or misleading statements and/or failed to disclose
that: (1) the Company engaged in improper accounting for its hedging strategy,
including the failure to properly treat certain hedging costs invested in
derivatives as expenses; (2) the Company was overstating the cash flow
available for distribution to unit holders by improperly using non-GAAP
financial measures to account for certain derivatives including put options on
natural gas; (3) the Company's energy production was not increasing, despite
its heavy capital expenditures; and (4) as a result of the foregoing, the
Company's statements were materially false and misleading at all relevant

Through a series of articles, Barron's described the Company as "the country's
most overpriced large energy producer" for using non Generally Accepted
Accounting Principles ("GAAP") accounting to mask considerable weakness in its
distributable cash flows, calling into question the sustainability of its
dividend. Further, Barron's questioned the Company's accounting for its
derivative contracts by, for example, excluding the cost of its puts from its
cash flow, while including the gains. As a result of this news, Linn units
declined $1.97 per unit or more than 5%, to close at $33.75 per unit on May 6,

On July 1, 2013, the Company disclosed that the SEC opened an informal inquiry
in connection with the Company's use of non-GAAP financial measures, its
hedging strategies, and its acquisition of Berry Petroleum Company jointly
with its affiliate, LinnCo, LLC. On this news, Linn shares declined $10.50
per unit or 31.5% within two trading sessions, to close at $22.79 per unit on
July 3, 2013.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego,
is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 70 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of class members. See

Robert S. Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP

SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP

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