An investigation on behalf of current long term investors in Dynagas LNG Partners LP (NYSE: DLNG) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/16/2019 -- Certain directors of Dynagas LNG Partners LP are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Dynagas LNG Partners LP (NYSE: DLNG) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: DLNG stocks follows a lawsuit filed against Dynagas LNG Partners LP over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: DLNG stocks, concerns whether certain Dynagas LNG Partners LP directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that the Company's new three year charter agreement with Statoil was not a continuation of its current contract but a new agreement with reduced revenue, that, as a result of the reduced revenue, the Company's distribution was not sustainable, that the Company's ability to generate cash flow long term did not support its distribution levels, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Dynagas LNG Partners LP (NYSE: DLNG) have certain options and should contact the Shareholders Foundation.
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