NEW YORK, Aug. 1, 2008 (LAWFUEL) — The Rosen Law Firm today
announced that a class action lawsuit has been filed on behalf of
purchasers of SemGroup Energy Partners, L.P (“SemGroup” of “Company”)
(Nasdaq:SGLP) securities during the period from February 20, 2008
through July 17, 2008, including purchasers of SemGroup units sold
through the Company’s February 13, 2008 secondary offering (the “Class
To join the SemGroup class action, go to the website at
http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim,
Esq. toll-free at 866-767-3653 or email [email protected] or
[email protected] 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 ALSO REMAIN AN ABSENT CLASS MEMBER.
The complaint asserts that the Company’s parent was at high risk for
financial problems due to its investment in risky crude oil hedge
transactions during the Class Period. The complaint also asserts that
the Company was engaged in improper self-dealing transactions with its
parent in an effort to support the Company’s parent. On July 17, 2008
it was revealed that the Company’s parent filed a voluntary petition
for reorganization under Chapter 11 of the Bankruptcy Code due to lack
of available funds. As a result of these adverse disclosures the
complaint asserts that SemGroup’s investors were damaged.
A class action lawsuit has already been filed on behalf of SemGroup
shareholders. If you wish to serve as lead plaintiff, you must move the
Court no later than September 19, 2008. If you wish to join the
litigation or to discuss your rights or interests regarding this class
action, please contact plaintiff’s counsel, Laurence Rosen, Esq. or
Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or
via e-mail at [email protected] or [email protected]
The Rosen Law Firm represents investors throughout the nation, focusing
its practice in securities class actions.