ATLANTA, GA--(Marketwire -08/24/12)- A class action lawsuit has been filed on behalf of investors who purchased shares of Lone Pine Resources, Inc. ("Lone Pine" or the "Company") (LPR) since the Company's Initial Public Offering on May 26, 2012 (the "IPO").
The lawsuit, which was filed in the United States District Court for the Southern District of New York, alleges Lone Pine issued statements in its IPO documents that were materially false and misleading at the time they were made. Specifically, the suit alleges that Lone Pine failed to disclose in its IPO documents that it faced disruption of its production as well as significant cost increases due to a pipeline rupture and a large forest fire in 2011.
If you purchased Lone Pine common stock since May 26, 2011, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than September 4, 2012. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Investors who are interested in serving as lead plaintiff or who have questions concerning their legal rights may contact Michael I. Fistel, Jr., Esq. (email@example.com) or Marshall P. Dees, Esq. (firstname.lastname@example.org) by email or via toll-free telephone at (888) 508-6832.
While Holzer Holzer & Fistel, LLC has not yet filed a complaint in this matter, the firm dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.
- class action lawsuit