Shareholders Foundation, Inc.

Investigation for Investors in Shares of Ferrellgas Partners, L.P. (NYSE:FGP) Announced

An investigation for investors in Ferrellgas Partners, L.P. (NYSE:FGP) shares over potential securities laws violations by Ferrellgas Partners, L.P. was announced and NYSE:FGP stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 10/05/2016 -- An investigation for investors of Ferrellgas Partners, L.P. shares concerning possible securities laws violations by Ferrellgas Partners, L.P. in connection certain financial statements was announced.

Investors who purchased shares of Ferrellgas Partners, L.P. (NYSE:FGP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ferrellgas Partners, L.P. (NYSE:FGP) concerning whether a series of statements by Ferrellgas Partners, L.P. (NYSE:FGP regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 28, 2016, Ferrellgas Partners, L.P. reported financial results for the full fiscal year ended July 31, 2016. Ferrellgas Partners, L.P. reported that its Total Revenue rose from over $2.024 billion for the 12 months period that ended on July 31, 2015 to over $2.039 billion for the 12 months period that ended on July 31, 2016, while its Net Income of $29.32 million for the 12 months period that ended on July 31, 2015 declined to a Net loss of $665.41 million for the 12 months period that ended on July 31, 2016. In addition, Ferrellgas Partners announced that Stephen L. Wambold, the Company's President and Chief Executive Officer, had resigned effective immediately.

Shares of Ferrellgas Partners, L.P. (NYSE:FGP) declined from $17.41 per share on September 20, 2016 to as low as $9.12 per share on October 4, 2016.

Those who purchased shares of Ferrellgas Partners, L.P. have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com