On July 1, 2013, LinnCo and Linn Energy disclosed that the Securities and Exchange Commission had opened an informal inquiry into LinnCo’s proposed merger with Berry Petroleum Co., as well as LinnCo’s and Linn Energy’s hedging strategies and use of non-GAAP financial measures. Following this news, the price of LinnCo shares fell $10.12 per share, or 27.3%, within two trading sessions, to close at $26.95 per share on July 3, 2013.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.
Since 2003, the National Law Journal has selected Lieff Cabraser as one of the top plaintiffs’ law firms in the nation. In compiling the list, the National Law Journal examined recent verdicts and settlements in addition to overall track records. Lieff Cabraser is one of only two plaintiffs’ law firms in the United States to receive this honor for the last ten consecutive years.For more information about Lieff Cabraser and the firm’s representation of investors, please visit http://www.lieffcabraser.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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