K-Sea Transportation Lawsuit Own Shares of KSP? Losses?



K-Sea Transportation Lawsuit

K-Sea Transportation Partners L.P. (NYSE:KSP) is being sued for Violations of Federal Securities Laws in because its Financial Statements may have been false. If you invested in this company and lost money our law firm would like to speak to you about bringing a lawsuit.

The requirements are that you purchased K-Sea Transportation Partners L.P. (NYSE:KSP) between January 30, 2009 and January 27, 2010, you have until March 27, 2012 to participate directly in the case.

Basic Facts:

K-Sea Transportation Partners announced in Oct 2009 that it would be unable to meet its earnings estimates. It also said it would be in violation of financial covenants under its debt and lease agreements. This announcement prompted panic: KSP stock dropped from $22.45 per share on October 27, 2009, to $11.14 per share on October 29, 2009. Wow.

Problems continued. K-Sea Transportation Partners disclosed in January 2010 that had a $1.7 million charge for a water treatment facility, as a consequence the company announced its dividend was being suspended.

K-Sea Transportation Partners units fell a further $4.99 or 33.5%, to close at $9.89 on January 28, 2010. K-Sea was finally sold to another company in summer 2010. If you held during this time and are upset about the events in the recent history of K-Sea please call us now.

If you owned shares of KSP and have losses please call Attorney Bill Kyros at 1-800-934-2921 to discuss your rights.

Kyros Law is a Boston-based law firm with significant experience representing investors in shareholder lawsuits, class actions, shareholder derivative actions, and securities fraud class actions. For info about our law firm please our Kyros Law web site.