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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 LinnCo issued inaccurate and/or unreliable measures of the Company's ability to make distributions in its
October 12, 2012 Registration Statement.
July 1, 2013, LinnCo 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, LinnCo's stock price dropped
$6.17 or over 16%.
Request more information now by clicking here: www.faruqilaw.com/LNCO. There is no cost or obligation to you.Take Action
If you invested in LinnCo stock or options between
October 12, 2012 and
July 1, 2013 and would like to discuss your legal rights, visit
www.faruqilaw.com/LNCO. 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
firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding LinnCo's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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