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NEW YORK, Jan. 04, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of New Source Energy Partners L.P. 11% Series A Cumulative Convertible Preferred Units (OTC: NSLP). The lawsuit seeks to recover damages for all New Source Energy Partners investors under the federal securities laws.
To join the New Source Energy Partners class action, go to the website at http://www.rosenlegal.com/cases-792.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that the prospectus issued in connection with the initial public offering of the Units failed to disclose New Source Energy Partners' on-going cash flow problems, which seriously jeopardized New Source Energy Partners as a going concern. When the details of the company's cash flow problems entered the market, the price of New Source Energy Partners L.P. 11% Series A Cumulative Convertible Preferred Units declined and investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 25, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm's website at http://www.rosenlegal.com/cases-792.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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