Ferrellgas Partners LP

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Case Summary
Company Name: Ferrellgas Partners LP
Stock Symbol : NYSE:FGP
Class Period Start: 06/01/2015
Class Period End: 09/28/2016
Lead Plaintiff motion: 12/05/2016
Date Filed: 10/06/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the December 5, 2016 lead plaintiff deadline in a class action lawsuit filed against Ferrellgas Partners LP (NYSE:FGP) (“Ferrellgas” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Ferrellgas Partners LP securities between June 1, 2015, and September 28, 2016, have until December 5, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Ferrellgas Partners LP securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that that the Company’s propane sales were declining; that the Company’s midstream logistics business was being negatively impacted by low crude oil prices;  that, as such, the Company’s Adjusted EBITDA would fall below the Company’s projections; that the Company was becoming more and more leveraged; that, in response, the Company would need to obtain an amendment under the secured credit facility and accounts receivable securitization facility to increase the maximum leverage ratio to a range of 5.95x to 6.05x; and as a result of the foregoing, Ferrellgas would likely need to reduce its dividend.

On September 28, 2016, Ferrellgas revealed that they had a net loss for fiscal 2016 of approximately $665 million and that the Company's President, CEO and Director Stephen Warnbold resigned immediately.

Following this news, NYSE:FGP decreased in value.

If you were negatively impacted by your investment in Ferrellgas Partners LP securities between June 1, 2015, and September 28, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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