NEW ORLEANS, LA--(Marketwired - Jul 11, 2013) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 9, 2013 to file lead plaintiff applications in a securities class action lawsuit against LinnCo, LLC (NASDAQ: LNCO), if they purchased the Company's securities in or traceable to LinnCo's initial public offering ("IPO") on October 12, 2012 to July 1, 2013 (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of LinnCo and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org) or KSF Partner Melinda Nicholson (email@example.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 9, 2013.
About the Lawsuit
LinnCo and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, including in its IPO Registration Statement, in violation of federal securities laws.
LinnCo owns units representing limited liability company interests in Linn Energy, LLC ("Linn"), a natural gas exploration and production company. In February and May 2013, Barron's published two articles questioning and criticizing Linn's aggressive accounting practices. Then, on July 1, 2013, Linn and LinnCo disclosed that the SEC had opened an informal inquiry into LinnCo's proposed merger with Berry Petroleum Company and Linn and LinnCo's hedging strategies and use of non-GAAP financial measures, the same accounting issues which had been criticized by Barron's.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.