NEW YORK, July 3, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Linn Energy, LLC ("Linn Energy" or the "Company") (NASDAQ: LINE) (CUSIP: 536020100) who purchased Linn Energy common stock between April 28, 2011 and July 1, 2013 (the "Class Period"). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether Linn Energy and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 1, 2013, Linn Energy announced that it is being investigated by the Securities and Exchange Commission (SEC) in connection with the Company's use of non-GAAP financial measures, its hedging strategies, and its proposed acquisition of Berry Petroleum Company jointly with its affiliate, Linn Co, LLC. Upon this news announcement, shares of Linn Energy fell $6.24 per share or 18% to close at $27.05 on July 2, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.CONTACT: Robert S. Willoughby Pomerantz Grossman Hufford Dahlstrom & Gross LLP firstname.lastname@example.org