EQUITY ALERT UPDATE: Rosen Law Firm Files Expanded Securities Class Action Lawsuit Against Ferrellgas Partners, L.P. - FGP

NEW YORK, Dec. 1, 2016

To join the Ferrellgas class action, go to http://www.rosenlegal.com/cases-962.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com 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 AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Ferrellgas' propane sales were declining; (2) Ferrellgas' midstream logistics business was being negatively impacted by low crude oil prices; (3) as such, Ferrellgas' Adjusted EBITDA would fall below the Ferrellgas' projections; (4) Ferrellgas was becoming more and more leveraged; (5) in turn, Ferrellgas would need to obtain an amendment under the secured credit facility and accounts receivable securitization facility to increase the maximum leverage ratio to a range of 5.95x to 6.05x; (6) as a result, Ferrellgas would likely need to reduce its dividend; and (7) as a result, Defendants' statements about Ferrellgas' business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. The lawsuit claims that investors suffered damages when these details entered the market.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 5, 2016. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-962.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.