NEW ORLEANS, Aug. 2, 2008 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS") notifies non-U.S. shareholders and others with losses greater than $100,000 that September 19, 2008 is the deadline to file lead plaintiff applications in a securities fraud class action pending in the United States District Court for the Southern District of New York, on behalf of shareholders who purchased the common stock of SemGroup Energy Partners, L.P. ("SGLP" or the "Company") (Nasdaq:SGLP) between February 20, 2008 and July 17, 2008, inclusive (the "Class Period"). No class has yet been certified in this action.
If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by email at lewis.kahn@kgscounsel.com. Shareholders are encouraged to provide their email address in all communications.
SGLP and certain of the Company's officers and directors are charged with making a series of materially false and misleading statements related to the Company's business and operations in violation of the Securities Exchange Act of 1934 (the "Exchange Act").
If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than September 19, 2008. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone 504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on securities class action litigation with offices in New Orleans and New York City.
KGS' lawyers have significant experience litigating complex securities class actions. Among other cases, KGS has been appointed Lead or Co-Lead Counsel in the following securities cases: In re: U.S. Auto Parts Networks, Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation, S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc. Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.; Bodisen Biotech, Inc., S.D.N.Y.; Pegasus Wireless Corp., S.D. Fla.; In re Xinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm. Systems Inc., N.D. Cal.; Gaming Partners, D. Nev.; and In re BigBand Networks, Inc. Securities Litigation, N.D. Cal.
SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may consider to represent your interests in the SGLP class action. The Private Securities Litigation Reform Act ("PSLRA") permits SGLP shareholders to choose counsel of their choice to prosecute this action. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the SGLP action in particular, AND especially the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS. While KGS has not filed suit yet, the firm is currently conducting its own investigation of SGLP and invites shareholders to evaluate its complaint when choosing counsel.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca/