NEW YORK, July 05, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Dynagas LNG Partners LP (NYSE: DLNG) from February 16, 2018 through March 21, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Dynagas investors under the federal securities laws.
If you wish to serve as lead plaintiff, you must move the Court no later than July 16, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation follow this http://zhanginvestorlaw.com/join-action-form/?slug=dynagas-lng-partners-lp&id=1880 or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. or Spencer Lee toll-free at 800-991-3756 or email firstname.lastname@example.org, email@example.com for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Dynagas entered into new contracts which were not favorable to Dynagas as they provided the Company with lower spot charter rates which significantly reduced revenue than previous contracts with; (2) the distribution rate would not be sustainable in the long term because the fixed revenue from long-term contracts; and (3) as a result, Dynagas’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.
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