MILWAUKEE, July 8, 2013 (GLOBE NEWSWIRE) -- We are investigating possible securities fraud claims against LINN Energy, LLC resulting from inaccurate statements LINN made regarding its financial statements and LINN's proposed merger with Berry Petroleum Company.
Click here to learn more about the investigation: http://www.ademilaw.com/case/linn-energy-llc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Our investigation focuses on the extent to which LINN issued false and misleading statements regarding its financial statements, past and future business performance and prospects. Specifically, LINN failed to disclose that: (i) its hedging strategy that uses non-GAAP (generally accepted accounting principles) measures when calculating the distribution to investors improperly inflated their financial performance, (ii) LINN was improperly disclosing possible financial benefits and risks with respect to its proposed acquisition of Berry Petroleum, and (iii) as result of the foregoing, LINN had no reasonable basis upon which to make their representations and projections with respect to future prospects.
In response to its disclosure of SEC investigations regarding these issues, LINN stock fell more than 31% between July 1, 2013 and July 3, 2013, on extremely heavy trading volume.
If you wish to obtain additional information or have information about LINN, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, http://www.ademilaw.com/case/linn-energy-llc.
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.comSource:Ademi & O'Reilly, LLP