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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 27, 2021 to file lead plaintiff applications in a securities class action lawsuit against Höegh LNG Partners LP (NYSE: HMLP).
Höegh LNG and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 27, 2021, the Company disclosed that its quarterly cash distribution had been slashed from $0.44 per common unit to $0.01 per common unit, that its revolving credit line would not be extended when it matured on January 1, 2023, and that its parent company would have very limited capacity to provide additional future support, among other things.
On this news, Höegh LNG’s common unit price plummeted 64%, on unusually heavy trading volume.
If you purchased securities of Höegh LNG and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Sanchez v. Höegh LNG Partners LP, et al., 21-cv- 19374.
Click here to read the first filed complaint.