Linn Energy Lawsuit Filed by Securities Lawyers

Linn Energy Lawsuit by a Securities Lawyer: Soreide Law Group has filed 6 lawsuits against stock brokers on behalf of clients that had large concentrated positions in Linn Energy.  Linn Energy now has a sell rating and a letter grade of “D” from the website “the street”. Many investors were told to dollar cost average down into LINE as it plummeted from above $30 to under $5. Soreide Law has filed several Linn Energy lawsuits against stock brokers.
As of March of 2016, Linn Energy has a price target for the stock of under $1. In February 9 investment banks downgrade the stock, 3 of which put a sell rating on the LINE. If your broker was ignoring the downgrades and didn’t limit your losses you may have a cause of action against the broker and brokerage firm who was recommending it.
LINE is a Houston based oil and gas company acquires and develops oil and natural gas properties. Most properties are located in the Rockies, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, and south Texas. As of December 31, 2014, the company had proved reserves of 7,304 billion cubic feet equivalent; and operated 19,591 gross productive wells.
We are also investigating Linn Energy bonds recommended to clients by brokers such as: CUSIP: 536022AK2 and 536022AC0
Several analysts allege cannot be profitable until crude is over $60 per barrel. If your stock broker recommended a large concentrated positions in Linn Energy or any oil and gas stock that was unhedged or had no stop loss you may have a viable claim against your stock broker. If you have a large Linn Energy losses our firm will offer you a free case evaluation to determine if there are any sales practice violations that took place that may entitle you to recover. Call (888) 760-6552 for more information on your LINE Lawsuit. If your broker compounded your exposure to the oil sector by buying other oil stocks in large concentrations we also want to hear from you.