NEW YORK, July 10, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Linn Energy, LLC ("Linn" or the "Company") (NASDAQ: LINE).
The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies. Specifically, the investigation focuses on whether Linn: (i) conducted improper accounting in relation to its hedging strategy; (ii) overstated available cash flow for unit holder distribution; and (iii) made false and/or misleading statements and/or failed to disclose that its energy production was not growing, even though the Company had recorded large capital expenditures.
On July 1, 2013, Linn announced that the Securities and Exchange Commission had commenced an inquiry concerning, among other things, the Company's use of non-GAAP financial measures and hedging strategy and its proposed merger with Berry Petroleum Company. Following this news, Linn's stock price dropped $6.24 or over 18%.Request more information now by clicking here: www.faruqilaw.com/LINE. There is no cost or obligation to you. Take Action If you invested in Linn's stock, bonds or options between April 28, 2011 and July 1, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/LINE. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com or firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Linn's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. FARUQI & FARUQI, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. email@example.com Francis McConville, Esq. firstname.lastname@example.org Telephone: (877) 247-4292 or (212) 983-9330 SOURCE Faruqi & Faruqi, LLP
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV