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BOSTON, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Block & Leviton announces that a class action lawsuit has been filed against Höegh LNG Partners LP (NYSE: HMLP) for potential securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/hmlp.
What is this all about?
On July 27, 2021, after the market closed, Höegh announced a 98% reduction to its quarterly common unit distribution. The Company said its needs to preserve cash due to near-term refinancing issues related to its FRSU facility off the coast of Indonesia. Höegh announced that it will no longer receive financial support from its parent company, Höegh LNG Holdings.
On this news, Höegh's stock price fell $11.57 per share, or 64.7%, to close at $6.30 per share on July 28, 2021.
Who is eligible?
Anyone who purchased Höegh LNG Partners LP shares between August 22, 2019 and July 27, 2021 is potentially eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is December 27, 2021. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email firstname.lastname@example.org with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP