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NEW YORK, Jan. 12, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased New Source Energy Partners L.P. 11% Series A Cumulative Convertible Preferred Units (OTC Markets:NSLP).
You are hereby notified that a securities lawsuit has been commenced on behalf of purchasers of New Source Energy Partners L.P. 11% Series A Cumulative Convertible Preferred Units. To get more information go to:
http://zlk.9nl.com/new-source-energy-nslp
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The lawsuit alleges that the prospectus issued in connection with the initial public offering of the Units failed to disclose New Source Energy Partners’ on-going cash flow problems, which seriously jeopardized New Source Energy Partners as a going concern. When the details of the company’s cash flow problems entered the market, the price of New Source Energy Partners L.P. 11% Series A Cumulative Convertible Preferred Units declined and investors suffered damages.
If you suffered a loss in New Source Energy Partners L.P. 11% Series A Cumulative Convertible Preferred Units you have until January 25, 2016 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
