Bronstein, Gewirtz & Grossman, LLC Announces CVR Refining, LP (CVRR) Class Action
May 13 2020 - 12:44PM
InvestorsHub NewsWire
NEW YORK, NY -- May
13, 2020 -- InvestorsHub NewsWire -- Attorney Advertising --
Bronstein, Gewirtz & Grossman, LLC reminds investors that a
class action lawsuit has been filed against
CVR
Refining, LP ("CVRR")
on behalf of shareholders who purchased
CVRR between July 30, 2018 and January 28, 2019, inclusive (the
"Class Period"). Such
investors are encouraged to join this case by visiting the firm’s
site: www.bgandg.com/cvrr.
This class action seeks to recover damages against
Defendants for alleged violations of the federal securities laws
under the Securities Exchange Act of
1934.
The Complaint
alleges that throughout the Class Period, defendants made false
and/or misleading statements and/or failed to disclose that: (1)
following the Exchange Offer, reduced public float and the threat
of the Call Right began depressing the price of CVRR units, more
than offsetting favorable financial results; (2) as the price for
CVRR units stagnated, and more than 90 days had passed since
expiration of the Exchange Offer, Defendants announced that they
were "considering" exercising the Call Right to further drive down
the unit price; and (3) once the price of CVRR units had
substantially declined, Defendants exercised the Call Right, which
price was based on the (manipulated) 20-day trading average of CVRR
units.
A class action
lawsuit has already been filed. If you wish to review a copy of the
Complaint you can visit the firm’s site: www.bgandg.com/cvrr
or
you may contact Peretz Bronstein, Esq. or his Investor Relations
Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484. If you suffered a loss in CVRR you have until
June 5, 2020 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn't
require that you serve as a lead
plaintiff.
Bronstein, Gewirtz
& Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on
behalf of our clients. In addition to representing
institutions and other investor plaintiffs in class action security
litigation, the firm’s expertise includes general corporate and
commercial litigation, as well as securities arbitration.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contact:
Bronstein, Gewirtz
& Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484
| info@bgandg.com
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