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Case Status:    ONGOING    
On or around 10/08/2019 (Ongoing date of last review)

Filing Date: May 16, 2019

According to the Complaint, Dynagas is a publicly traded company limited partnership that owns six tanker ships, designed for the transportation of liquified natural gas (“LNG”). These LNG tanker ships are operated by a Dynagas affiliate and are chartered to large energy companies including Statoil (now known as Equinor), Gazprom, and Yamal, typically for periods of eight to ten years.

The Complaint alleges that during the Class Period, the Defendants: (i) employed devices, schemes, and artifices to defraud; (ii) made untrue statements of material fact and/or omitted to state material facts necessary to make
the statements not misleading; and (iii) engaged in acts, practices, and a course of business which operated as a fraud and deceit upon the purchasers of the Company’s securities in an effort to maintain artificially high market prices for Dynagas’s securities in violation of Section 10(b) of the Exchange Act.

On August 12, 2019, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on September 26.

COMPANY INFORMATION:

Sector: Transportation
Industry: Water Transportation
Headquarters: Monaco

SECURITIES INFORMATION:

Ticker Symbol: DLNG
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 19-CV-04512
JUDGE: Hon. Alison J. Nathan
DATE FILED: 05/16/2019
CLASS PERIOD START: 02/16/2018
CLASS PERIOD END: 03/21/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Entwistle & Cappucci LLP
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 19-CV-04512
JUDGE: Hon. Alison J. Nathan
DATE FILED: 09/26/2019
CLASS PERIOD START: 12/21/2017
CLASS PERIOD END: 03/21/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Entwistle & Cappucci LLP (New York)
    299 Park Avenue, 20th Floor, Entwistle & Cappucci LLP (New York), NY 10171
    212.894.7200 212.894.7272 ·
  2. Law Offices of Curtis V. Trinko
    39 Sintsink Drive West, First Floor, Law Offices of Curtis V. Trinko, NY
    212.490.9550 ·
No Document Title Filing Date
—Related District Court Filings Data is not available