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.
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
or over 18%.
Request more information now by clicking here: www.faruqilaw.com/LINE. There is no cost or obligation to you.
If you invested in Linn's stock, bonds or options between
April 28, 2011
July 1, 2013
and would like to discuss your legal rights, visit
. You can also contact us by calling
toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to
Faruqi & Faruqi, LLP also encourages anyone with information regarding Linn's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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). 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
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Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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