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Linn Co, LLC Message Board

  • don.leathers don.leathers Jul 16, 2013 11:18 AM Flag

    List of Ambulance Chasers

    Scum_bags from the yahoo news feed:

    Faruqi & Faruqi

    Brower Piven

    Shareholders Foundation

    Kahn Swick & Foti

    Wohl & Fruchter

    MILBERG LLP

    Lifshitz Law Firm

    Bronstein, Gewirtz & Grossman, LLC

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    • I get an e-mail from this outfit today:
      -The Murphy Law Firm announces that a class action lawsuit has been filed against LinnCo, LLC (“LinnCo”) (LNCO), certain of LinnCo’s officers and directors, and the underwriters involved in LinnCo’s initial public offering (IPO) on October 12, 2012. The class action was filed on behalf of investors who purchased LNCO shares in or traceable to LinnCo’s IPO on October 12, 2012 to July 1, 2013 (the “Class Period”), and seeks damages for defendants’ false and misleading statements in the Registration Statement and Prospectus filed with the SEC for the IPO.
      The action was filed in the Southern District of New York, and alleges that defendants violated Sections 11 and 15 the Securities Act of 1933 by issuing a materially false and misleading IPO Registration Statement.
      As alleged in the complaint, LinnCo is a Delaware limited liability company whose sole purpose is to own units representing limited liability company interests (“units”) in Linn Energy, LLC (“Linn”), an independent natural gas exploration and production company whose units trade on NASDAQ under the symbol “LINE.”
      On October 12, 2012, LinnCo’s IPO Registration Statement became effective. As alleged in the complaint, certain metrics set forth in the Registration Statement (adjusted EBITDA, distribution coverage ratio, and distributable cash flow) were not, contrary to representation in the Registration Statement, accurate or reliable measures of Linn’s ability to make distributions because these metrics did not, among other issues, reflect the cost to Linn of settled put options.

    • about the longest list I have seen. ARCT / O merger as I recall had a long list of those #$%$ (never amounted to anything that I can recall) on the scene but sorry to see it happen to LINE

 
LNCO
30.82+0.11(+0.36%)Aug 22 4:00 PMEDT

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