Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the Eastern District of Pennsylvania on behalf of shareholders of StoneMor Partners L.P. (NYSE: STON) who purchased shares between January 19, 2012 and October 27, 2016.
The complaint alleges that throughout the Class Period StoneMor made false and misleading statements and/or failed to disclose: (1) that the Company’s reported non-GAAP financial metrics were materially misleading and concealed the truth about the Company’s actual financial condition; and (2) that the primary purpose of the Company’s regular debt and equity offerings were to pay distributions to unitholders, rather than to pay down indebtedness under the Company’s revolving credit facility as publicly stated.
If you suffered a loss in StoneMor you have until January 20, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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