Glancy Prongay & Murray LLP Commences Investigation on Behalf of StoneMor Partners L.P. Investors
December 07 2016 - 12:34PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) is continuing its
investigation on behalf of StoneMor Partners L.P. (“StoneMor” or
the “Company”) (NYSE: STON) investors concerning the Company and
its officers’ possible violations of federal securities laws.
On September 2, 2016, StoneMor disclosed that it would restate
its financials to correct numerous mistakes. Shortly
thereafter, on October 27, 2016, StoneMor reduced its quarterly
cash distribution by 50%, and on October 28, 2016 StoneMor's
share price fell over 44%.
Then on November 9, 2016, StoneMor announced that it would be
amending its Form 10-K for the fiscal year ended December 31, 2015,
as well as its Forms 10-Q for the quarters ended on June 30, 2016
and March 31, 2016. On this news, shares of StoneMor fell over 5%
to close at just $8.57 per share on November 9, 2016, thereby
injuring investors.
If you purchased StoneMor securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire,
of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California
90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
www.glancylaw.com. If you inquire by email please include your
mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161207006078/en/
Glancy Prongay & Murray LLP, Los Angeles/New YorkLesley
Portnoy, 310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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