Dallas, Texas 07/10/2013 (Financialstrend) – The shares of Linn Energy LLC (NASDAQ:LINE) currently trading at $26.88, up by 3.41%. After opening at $26.26, the stock exhibited an intraday high of $26.90. With average volume of 5.92 million shares in last 90 trading sessions, almost 3.51 million shares trading, which is quite low as compared with the average volume.
Linn Energy LLC (NASDAQ:LINE) is an autonomous company that deals in oil and natural gas. The properties of Company are situated in United States, chiefly in the Permian Basin, the Mid-Continent, Michigan, the Williston Basin and California. Some properties of oil and natural gas were acquired by Linn Energy LLC (NASDAQ:LINE) on December 15, 2011.
Retention has been given to Abraham, Fruchter & Twersky, LLP to file a lawsuit on in the interest of Linn Energy LLC (NASDAQ:LINE) common stock’s purchasers. This concerns likely federal securities law violations.
It was disclosed by Linn Energy LLC (NASDAQ:LINE) on July 1, 2013, that an investigation has been started by the Securities and Exchange Commission in relation with the hedging strategies of the Company, utilization of financial services that are non-GAAP, as well as the planned Berry Petroleum Company’s acquisition. There was a decline noticed in the price of the stock of Linn Energy LLC (NASDAQ:LINE) on July 1, 2013 and there was abnormally very high trading volume of the shares after this news..
There is immense experience that Abraham, Fruchter & Twersky, LLP have in cases of securities class action. The firm has also achieved a ranking and position amongst the principal firms of class action law pertaining to recoveries accomplished by a class action law firms’ survey carried out by Institutional Shareholder Services
