Law Offices of Todd M. Garber Announces Investigation of LinnCo, LLC Business Wire LOS ANGELES -- August 3, 2013 The Law Offices of Todd M. Garber announces that it is investigating potential claims against LinnCo, LLC (“LinnCo” or the “Company”) (NASDAQ:LNCO) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by LinnCo between October 12, 2012 and July 1, 2013 concerning the Company’s financial condition. LinnCo is a Delaware limited liability company whose sole purpose is to own limited liability company interests, or “units,” in Linn Energy, LLC -- an independent natural gas exploration and production company. LinnCo has no significant operations or assets other than its ownership of Linn Energy units, and LinnCo’s cash flow consists exclusively of distributions from Linn Energy. On February 20, 2013 Linn Energy and LinnCo announced an agreement to merge with Berry Petroleum Company by issuing LinnCo shares to Berry Petroleum shareholders, and Linn Energy would then acquire the operating assets of Berry Petroleum from LinnCo in exchange for additional Linn Energy units. The investigation is related to allegations that LinnCo by, among other things, excluding the cost of certain hedging transactions from its calculation of “Adjusted EBITDA,” misrepresented and/or failed to disclose to investors that Linn Energy was overstating the cash flow available for distribution to Linn Energy unitholders -- such as LinnCo. On July 1, 2013 Linn Energy and LinnCo disclosed that the Securities and Exchange Commission had opened an informal inquiry into LinnCo’s proposed merger with Berry Petroleum and the use of hedging strategies and non-GAAP financial measures by Linn Energy and LinnCo. Following this news, the price of LinnCo shares fell approximately 27% within two trading sessions, to close at $26.95 per share on July 3, 2013. If you purchased LinnCo shares during the foregoing period, if you have information or would like to learn more about these claims, or if you have any questions and wish to discuss these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to email@example.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contact: Law Offices of Todd M. Garber Todd M. Garber, Attorney at Law Los Angeles, California 213-700-7262 firstname.lastname@example.org
Law Offices of Todd M. Garber Announces Investigation of LinnCo, LLC
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