An investigation for investors in StoneMor Partners L.P. (NYSE:STON) shares over potential securities laws violations by StoneMor Partners L.P. was announced and NYSE:STON stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/16/2016 -- An investigation for investors who purchased common units of StoneMor Partners L.P. (NYSE:STON) in the offering on or after February 10, 2014.
Investors who purchased shares of StoneMor Partners L.P. (NYSE:STON), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on g whether certain statements in connection with the public offering of common units on or about February 10, 2014 were materially false and misleading at the time they were made.
On February 10, 2014 StoneMor Partners L.P. announced a public offering, subject to market and other conditions, of 1,800,000 common units representing limited partner interests in StoneMor Partners L.P.
StoneMor Partners L.P. reported that its annual Total Revenue rose from $288.08 million in 2014 to $305.64 million in 2015 while its Net Loss increased from $10.77 million to $24.24 million. On October 27, 2016, StoneMor Partners L.P. declared the temporary reduction in Quarterly Cash Distribution and provides a partnership update. Units of StoneMor Partners L.P. (NYSE:STON) dropped from $25.14 per unit on October 27, 2016 to as low as $7.74 per unit on November 8, 2016.
Those who purchased shares of StoneMor Partners L.P. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego