Pittsburgh Law Office of Alfred G. Yates Jr., P.C. Files Class Action Lawsuit
On Behalf of Investors of LINN Energy, LLC (LINE) and Announces Investigations
of Maidenform (MFB), Microsoft (MSFT), Nash Finch (NAFC), Omnicom Group (OMC),
Saks (SKS), Sourcefire (FIRE) and Tower Group International (TWGP)
PITTSBURGH, Aug. 19, 2013
PITTSBURGH, Aug. 19, 2013 /PRNewswire/ --Notice is hereby given by the Law
Office of Alfred G. Yates Jr., P.C. that a class action has been filed in the
United States District Court for the Southern District of New York on behalf
of purchasers of LINN Energy, LLC ("LINN" or the "Company") (Nasdaq: LINE)
units during the period between February 25, 2010 and July 3, 2013 (the "Class
If you wish to serve as lead plaintiff, you must move the Court no later than
September 9, 2013. If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact plaintiff's
counsel, Alfred G. Yates Jr., at 1-800-391-5164, toll free, or at
email@example.com by e-mail. Please visit http://yatesclassactionlaw.com. Any
member of the putative class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and remain an
absent class member.
The complaint charges LINN and certain of its officers with violations of the
Securities Exchange Act of 1934 for alleged material misrepresentations during
the Class Period regarding the true risk associated with the Company's ability
to continue to issue stable or increasing cash distributions.
On July 1, 2013, after the market closed, the Company issued a press release
announcing that the Securities and Exchange Commission had commenced an
informal inquiry and it "ha[d] requested the preservation of documents and
communications that are potentially relevant to…. LINN's … use of non-GAAP
measures and hedging strategy." In reaction to this news, LINN units fell
$6.24 per unit, or nearly 19%, to close at $27.05 per unit on July 2, 2013.
The next day, the price of LINN units fell an additional $4.26 per unit, or
nearly 16%, to close at $22.79 per unit on July 3, 2013.
Plaintiff seeks to recover damages on behalf of all purchasers of LINN units
during the Class Period (the "Class").
The firm is also investigating actions on behalf of shareholders for the
following companies: Maidenform, Inc. (NYSE: MFB), Microsoft Corporation
(Nasdaq: MSFT), Nash Finch Co. (Nasdaq: NAFC), Omnicom Group Inc. (NYSE: OMC),
Saks Incorporated (NYSE: SKS), Sourcefire, Inc. (Nasdaq: FIRE), and Tower
Group International, Ltd. (Nasdaq: TWGP).
If you are a shareholder of any of the above companies and wish learn more
about any of the investigations or have any questions, please contact Alfred
G. Yates Jr., Esquire at 1-800-391-5164, toll free, or at firstname.lastname@example.org by
e-mail. Please visit http://yatesclassactionlaw.com.
Alfred G. Yates, Jr.
(412) 391-5164 or Toll Free: 1(800) 391-5164, fax (412) 471-1033
SOURCE Law Office of Alfred G. Yates Jr., P.C.
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