LOS ANGELES, CA / ACCESSWIRE / June 5, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against CVR Refining, LP ("CVRR" or "the Company") for violations of the federal securities laws.
Investors who purchased the Company's securities between July 30, 2018 and January 28, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before June 5, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. CVRR's unit price fell based on the pressure of its reduced public float and the threat of the Call Right following the Exchange Offer, which offset its favorable financial results. After more than 90 days had passed from the Exchange Offer and the CVRR unit price was left stagnant, the Company announced it was "considering" exercising the Call Right, which would further drive down the price. Following a substantial decline, the Company exercised the Call Right, the price of which was based on the 20-day trading average of CVRR units, which the Company had manipulated to be artificially low. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about CVRR, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm