EQUITY ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Dynagas LNG Partners LP
NEW YORK, May 17, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of Dynagas LNG Partners LP (“Dynagas” or “the Company”) (NYSE: DLNG) concerning possible violations of federal securities laws.
On November 15, 2018, Dynagas disclosed that two of its vessels entered extended charter contracts at “lower rates compared with the previous charter contracts.” On this news, shares of Dynagas fell $1.07 or over 13.7%. Then on January 25, 2019, Dynagas announced that it would be cutting its quarterly distribution by 75% as it was “necessary in order to retain more of the cash generated from the Partnership’s long term contracts to maintain a steady cash balance.” On this news, shares of Dynagas fell $1.11 or over 27.6%. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171