An investigation for investors in StoneMor Partners L.P. (NYSE:STON) shares over potential securities laws violations by StoneMor Partners L.P. was announced and NYSE:STON stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/02/2016 -- An investigation was announced on behalf of investors in StoneMor Partners L.P. over potential securities laws violations by StoneMor Partners in connection certain financial statements.
Investors who purchased shares of StoneMor Partners L.P. (NYSE:STON), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by StoneMor Partners L.P. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 27, 2016, StoneMor Partners L.P. declared the temporary reduction in Quarterly Cash Distribution and provides a partnership update. Units of StoneMor Partners L.P. (NYSE:STON) dropped from $25.14 per unit on October 27, 2016 to as low as $12.20 per unit on November 1, 2016.
Those who purchased units of StoneMor Partners L.P. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com