CVR Refining, LP
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of CVR Refining, LP (“CVRR”) from July 30, 2018 through January 28, 2019 (the “Class Period”). The lawsuit seeks to recover damages for CVR Refining, LP investors under the federal securities laws.
If you bought CVR Refining, LP securities between July 20, 2018 through January 28, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law a Securities Class Action Lawsuit Against CVR Refining, LP – CVRR
New York, N.Y., April 9, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of CVR Refining, LP (CVRR) between July 30, 2018 and January 28, 2019, inclusive (the “Class Period”).
To join the CVRR class action, go to http://zhanginvestorlaw.com/cases/cvr-refining-lp/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE A LEAD PLAINTIFF TO OBTAIN A RECOVERY.
According to the lawsuit, throughout the Class Period (1) following the Exchange Offer, reduced public float and the threat of the Call Right began depressing the price of CVRR units, more than offsetting favorable financial results; (2) as the price for CVRR units stagnated, and more than 90 days had passed since expiration of the Exchange Offer, Defendants announced that they were “considering” exercising the Call Right to further drive down the unit price; and (3) once the price of CVRR units had substantially declined, Defendants exercised the Call Right, which price was based on the (manipulated) 20-day trading average of CVRR units. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 5, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/cvr-refining-lp/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
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