Law Offices of Todd M. Garber Announces Investigation of LinnCo, LLC

  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 info@toddgarberlaw.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
info@toddgarberlaw.com
 
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