Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”) announces that KSF has commenced an investigation into Linn Energy, LLC (“Linn”) (Nasdaq: LINE).
Linn is a natural gas exploration and production company. In February and May 2013, Barron’s published two articles questioning and criticizing Linn’s aggressive accounting practices. Then, on July 1, 2013, Linn and LinnCo, LLC, which owns units representing limited liability company interests in Linn, disclosed that the SEC had opened an informal inquiry into Linn and LinnCo’s proposed merger with Berry Petroleum Company, as well as Linn and LinnCo’s hedging strategies and use of non-GAAP financial measures, the same accounting issues which had been criticized by Barron’s.
KSF’s investigation is focusing on whether Linn’s officers and/or directors breached their fiduciary duties to Linn’s shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn ( email@example.com) or KSF Partner Melinda Nicholson ( firstname.lastname@example.org) toll free at 1-877-515-1850.About Kahn Swick & Foti, LLC KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF’s lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders. To learn more about KSF, you may visit www.ksfcounsel.com.