Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Oklahoma-Based SemGroup Energy Partners, L.P. (NASDAQ: SGLP)
SOURCE:
Federman & Sherwood
2008-07-21 17:01:00
Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Oklahoma-Based SemGroup Energy Partners, L.P. (NASDAQ: SGLP)
Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Oklahoma-Based SemGroup Energy Partners, L.P. (NASDAQ: SGLP)
OKLAHOMA CITY, OK–(EMWNews – July 21, 2008) – On July 21, 2008, a class action lawsuit
was filed in the United States District Court for the Southern District of
New York against Oklahoma-based SemGroup Energy Partners, L.P. (
Partners, L.P. (SemGroup, L.P.) failed to disclose its financial
difficulties or high risk for financial problems associated with its risky
crude oil hedge transactions by the start of the class period, and then
hiding this information from investors in SGLP. The complaint alleges
violations of federal securities laws, Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5. The class period is for
those investors who purchased common units of SGLP from February 20, 2008
through July 17, 2008. Federman & Sherwood is an Oklahoma-based law firm
that has over 25 years’ experience in securities and complex litigation.
Plaintiff seeks to recover damages on behalf of the Class. If you are a
member of the Class as described above, you may move the Court no later
than September 19, 2008 to serve as a lead plaintiff for the Class.
However, in order to do so, you must meet certain legal requirements
pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this or any other
lawsuit, or have any questions or concerns regarding this notice, or
preservation of your rights, please contact:
William B. Federman Federman & Sherwood 10205 North Pennsylvania Avenue Oklahoma City, OK 73120 Email to: [email protected] www.federmanlaw.com |
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