Law Office of Brodsky & Smith, LLC announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of all those investors who purchased or otherwise acquired shares of Linn Energy, LLC. (Nasdaq: LINE) (“Linn Energy” or the “Company”) between February 25, 2010 and July 3, 2013, inclusive (the “Class Period”).
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The Complaint alleges that the defendants made materially false and misleading statements concerning the Company’s accounting for its hedging strategy, overstated the cash flow available for distribution to unit holders, and despite heavy capital expenditures energy production was not increasing. In addition, on July 1, 2013 the Company disclosed that the U.S. Securities and Exchange Commission had commenced an informal inquiry relating to the Company’s hedging strategy.
If you are a member of the class described above, you may, not later than September 9, 2013, move the Court to serve as a lead plaintiff of the class, if you so choose. If you purchased shares of Linn Energy stock during the Class Period and wish to discuss this action, you may e-mail or call the Law Office of Brodsky & Smith, LLC who will, without obligation or cost to you, answer your questions. Please contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, by visiting http://brodsky-smith.com/633-line-linn-energy-llc.html,or calling toll free 877-LEGAL-90.Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.