Labaton Sucharow LLP Files a Class Action Lawsuit on Behalf of Investors in LinnCo, LLC -- LNCO

Labaton Sucharow LLP Files a Class Action Lawsuit on Behalf of Investors in
LinnCo, LLC -- LNCO

NEW YORK, Aug. 19, 2013 (GLOBE NEWSWIRE) -- Labaton Sucharow LLP filed a class
action lawsuit on August 19, 2013 in the U.S. District Court for the Southern
District of New York. The lawsuit was filed on behalf of persons or entities
who purchased the publicly-traded common stock of LinnCo, LLC ("LinnCo" or the
"Company") (Nasdaq:LNCO) pursuant or otherwise traceable to the Company's
October 12, 2012 initial public offering (the "IPO") and/or between October
12, 2012 and July 1, 2013, inclusive (the "Class Period").

The action charges LinnCo and certain of its officers and directors with
violations of Sections 11 and 15 of the Securities Act of 1933 and Sections
10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5
promulgated thereunder. The Complaint alleges that, in statements made
throughout the Class Period, including in offering documents filed with the
U.S. Securities and Exchange Commission (the "SEC") in connection with the
Company's October 2012 IPO, LinnCo misrepresented its revenues, earnings, and
distributable cash flow ("DCF"), thereby artificially inflating the price of
LinnCo's stock.

LinnCo, based in Houston, Texas, is a limited liability company whose sole
purpose is to own units of Linn Energy, LLC ("Linn Energy"), a master limited
partnership that is among the largest publicly traded oil and natural gas
production companies.LinnCo has no substantial operations or assets other
than those related to the Company's ownership interest in Linn
Energy.Consequently, the organization, operation, and financial reporting of
Linn Energy is central to the value of LinnCo shares.Linn Energy and LinnCo
share the same executive management.

The Complaint alleges that the falsity of LinnCo's statements during the Class
Period was revealed through a series of disclosures.First, on Saturday, May
4, 2013, Barron's published an article stating that Linn Energy "may be the
country's most overpriced large energy producer" and "has for years used
aggressive accounting to prettify its financial statements."In response to
the claims in Barron's, LinnCo's share price fell $3.32 per share, or 7.80
percent, on May 6, 2013.

Then, on Saturday, June 15, 2013, Barron's published another article about
Linn Energy's accounting, highlighting a recent revelation by Linn Energy
concerning the costs of Linn Energy's hedging strategy, which had theretofore
not been disclosed to investors.According to Barron's, "the expense [was]
significant."On this news, LinnCo's share price declined $1.69 per share, or
4.58 percent, to close at $35.17 per share on June 17, 2013.

Finally, on July 1, 2013, Linn Energy and LinnCo disclosed that the SEC had
opened an informal inquiry into Linn Energy and LinnCo.In particular, the SEC
was probing Linn Energy's and LinnCo's hedging strategy and use of non-GAAP
financial measures.In reaction to this development, LinnCo's share price fell
sharply, declining 6.17 per share, or 16.64 percent, to close at $30.90 on
July 2, 2013.

If you are a member of this Class you can view a copy of the complaint and
join this class action online at
http://www.labaton.com/en/cases/Newly-Filed-Cases.cfm.

If you purchased LinnCo common stock during the Class Period, you may be able
to seek appointment as Lead Plaintiff.Lead Plaintiff motion papers must be
filed with the U.S. District Court for the Southern District of New York no
later than September 9, 2013.A lead plaintiff is a court-appointed
representative for absent Class members.You do not need to seek appointment
as lead plaintiff to share in any Class recovery in this action.If you are a
Class member and there is a recovery for the Class, you can share in that
recovery as an absent Class member.You may retain counsel of your choice to
represent you in this action.

If you would like to consider serving as lead plaintiff or have any questions
about the lawsuit, you may contact Rachel A. Avan, Esq. of Labaton Sucharow
LLP, at (800)321-0476 or (212) 907-0709, or via email at ravan@labaton.com.

Labaton Sucharow LLP, with offices inNew York,New York and Wilmington,
Delaware, is one of the country's premier law firms representing institutional
investors in class action and complex securities litigation, as well as
consumers and businesses in class actions seeking to recover damages for
anticompetitive practices.The Firm has been a champion of investor and
consumer rights for 50 years, seekingrecovery of current losses and
necessarygovernance reformsto protect investors and consumers. Labaton
Sucharowhas been recognized for its excellence by the courts and its
peers.More information about Labaton Sucharow is available at
www.labaton.com.

CONTACT: Rachel A. Avan, Esq. of Labaton Sucharow LLP
         (800) 321-0476 or (212) 907-0709
         ravan@labaton.com
 
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