FORT LAUDERDALE, Fla., Nov. 30, 2016 (GLOBE NEWSWIRE) -- Attorney Advertising – in light of a shareholder lawsuit recently filed against StoneMor Partners L.P. (“StoneMor” or the “Company”) in the Eastern District of Pennsylvania (ANDERSON V. STONEMOR PARTNERS, L.P. et. al., No. 16-cv-0611), the law firm of Salpeter Gitkin, LLP announces its investigation of six figures losses suffered by investors of the Company’s stocks and options. The deadline is approaching to petition the Court in the class action to act as the lead plaintiff in the case. A lead plaintiff acts as a representative of the class members in directing the litigation. In order to qualify as a lead plaintiff, the Court must make a finding that the class member will adequately represent the interests of the other members of the class – it is typically someone with the largest interest in the relief sought. If you are a StoneMor shareholder and would like more information on this claim, please feel free to contact Salpeter Gitkin, LLP (Attn: James Gitkin) at 800-675-4128 or info@salpetergitkin.com or shareholders can complete the contact page at http://www.salpetergitkin.com/Contact.shtml.
StoneMor is one of the largest companies in the “deathcare” industry, servicing thousand families and providing a broad scope of products and services through the ownership, development, and operation of cemeteries and funeral homes in multiple states. The lawsuit centers on the Company and its executives allegedly violating federal securities laws by fraudulently making and proving financial statements based on misleading accounting metrics and financial presentations in an effort to mislead investors concerning the profitability of the Company; it was filed on behalf of shareholders who purchased stocks or options between January 19, 2012 and October 27, 2016.
Salpeter Gitkin, LLP is a civil litigation and transactional law firm handling cases throughout the United States. Its principal areas of practice include shareholder and consumer class actions, serious personal injury, complex commercial ligation, and real estate litigation and transactions. The firm is currently investigating and litigating various shareholder claims against major corporations. More information on the firm and its lawyers can be found at www.salpetergitkin.com.