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Law Offices of Todd M. Garber Announces Investigation of Linn Energy, LLC


The Law Offices of Todd M. Garber announces that it is investigating potential claims against Linn Energy, LLC (“Linn Energy” or the “Company”) (NASDAQ:LINE) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by Linn Energy between April 28, 2011 and July 1, 2013 concerning the Company’s financial condition.

Linn Energy is an independent oil and natural gas company engaged in the acquisition and development of oil and natural gas properties. In its regulatory filings with the Securities and Exchange Commission, Linn Energy states that to reduce its exposure to oil and natural-gas price fluctuations and provide long-term cash flow predictability, the Company engages in certain hedging strategies on a significant portion of its forecasted production.

The investigation is related to allegations that Linn Energy issued materially false and misleading statements or failed to disclose that: (1) the Company engaged in improper accounting for its hedging strategy, which included failing to properly treat certain hedging costs invested in derivatives as expenses; (2) by improperly using non-GAAP financial measures to account for certain derivatives, the Company was overstating its cash flow available for distribution to its unitholders; and (3) the Company's energy production was not increasing, despite its heavy capital expenditures.

If you purchased Linn Energy units during the foregoing period, if you have information or would like to learn more about these claims, or if you have any questions and wish to discuss these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to [email protected].

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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