NEW YORK, Aug. 23, 2005 (PRIMEZONE) -- The Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com), representing numerous aggrieved investors throughout the nation, is presently investigating claims regarding Natural Resource Partners L.P.'s (NYSE:NRP) recent announcement that it has issued an initial public offering of subordinated units, now being traded on the New York Stock Exchange ("NYSE") under the symbol NSP (NYSE:NSP), on behalf of an institutional client who recently purchased the new NSP stock. According to K&T, the institutional client purchased the NSP stock under the belief that he was investing in a secondary stock offering of Natural Resource Partner L.P. stock, rather than the stock of a completely new entity, now known as NSP.
Natural Resource Partners L.P.'s initial public offering of NSP stock was priced at $61 a share. However, once it started trading on the NYSE, the stock price opened at $59 a share and is currently trading at $54 a share. Thus, after the initial public offering, the value of the stock decreased by approximately 12%, resulting in substantial financial losses for Natural Resource Partners L.P. investors. Consequently, the sole purpose of this release is to investigate, on behalf of our clients, potential securities fraud violations at Lehman Brothers Holdings, Inc. (LEH) and Citigroup, Inc. (C), both joint book-running managers of Natural Resources Partners L.P.
K&T, a nationally known securities arbitration law firm, presently represents numerous investors throughout the country who have claims against major Wall Street brokerage firms for securities fraud violations. If you wish to discuss this announcement or have information relevant to our securities arbitration claims, please contact Lawrence L. Klayman at 1-888-997-9956 or visit us on the web at http://www.nasd-law.com.