StoneMor Partners, L.P. ("StoneMor"), headquartered in Trevose, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States.

According to the law firm press release, the Complaint charges StoneMor and certain of its current and former officers and directors with violations of the Securities Exchange Act of 1934. Specifically, according to the Complaint, StoneMor made false and misleading statements and/or failed to disclose during the Class Period: (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. As a result, StoneMor's statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times.

On February 21, 2017, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on April 24.

On October 31, 2017, the Court granted Defendants' Motion to Dismiss with leave to amend. Lead Plaintiffs filed a Notice appealing this decision on December 29. On September 24, 2019, the Court of Appeals affirmed the Order of the District Court.