ClaimsFiler, a FREE shareholder information service, reminds investors that they have until December 27, 2021 to file lead plaintiff applications in a securities class action lawsuit against Höegh LNG Partners LP, if they purchased the Company’s securities between August 22, 2019 and July 27, 2021, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of New Jersey.
Höegh LNG investors should visit us at https://claimsfiler.com/cases/nyse-hmlp or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
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.
The case is Sanchez v. Höegh LNG Partners LP, et al., 21-cv- 19374.
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