The lawyers at the Silver Law Group, Law Office of David R. Chase and Ciklin Lubitz & O’Connell continue their investigation in Linn Energy, LinnCo, and the brokers and brokerage firms that sold these securities to investors.
Linn Energy and LinnCo are two companies whose investments are structured as master limited partnerships (MLPs). What was once deemed a promising investment, the two companies have declined drastically. The master limited partnership (MLP) surpassed $40 per share as recently as late 2012. Since that time, Linn Energy has dramatically declined and recently declared bankruptcy.
Despite the risky nature of oil, gas, and energy-related securities, many brokers and brokerage firms aggressively sold these investments to their customers, some overconcentrating their customers in the sector.