The Rosen Law Firm, P.A. announces a class action has been filed against Lone Pine Resources, Inc. (NASDAQ: LPR) alleging that Lone Pine made false statements of material facts in its prospectus issued in connection with the Company’s May 26, 2011 initial public offering. Namely, that Lone Pine failed to disclose in its IPO documents that the Company was facing significantly increased costs and disruption in production volumes attributed to a major oil sales pipeline rupture in late April 2011 and a large forest fire in the same area in Mid-May. When the market learned of this adverse information, the price of Lone Pine dropped damaging investors.
To join the Lone Pine class action, visit the firm’s website
, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
If you purchased Lone Pine stock after May 26, 2011 you may join the class action to recover your investment losses. To join the class action, please visit the website at
. You may also contact Phillip Kim, Esq. or Jonathan Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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