Did Your Broker Recommend LINE or LNCO?

POMPANO BEACH, Fla. - April 26, 2016 - PRLog -- The Soreide Law Group is currently representing several clients in cases against stockbrokers or financial advisors who recommended LINE and LNCO energy stocks.  Our clients,  unitholders and shareholders of these companies, have suffered devastating losses.  Both are now trading under 50 cents.  If your broker or financial advisor recommended these to you without informing you of the volatility of energy-related investments for your otherwise low risk, conservative portfolio, call Soreide Law Group for a no-cost consultation with an attorney regarding the possibility of recovering you losses at:  888-760-6552. Soreide Law Group represents clients nationwide before FINRA.

LinnCo, LLC (LNCO) completed an exchange, for unithoders wishing to do so, for each outstanding unit of LINN Energy, LLC (LINE) for one LinnCo share at midnight, April 25^th., 2016. Approximately 103,961,939 LINN units, representing approximately 29% of the outstanding LINN units, were exchanged.

If the remaining LINN unitholders wish to exchange their units, LinnCo announced an additional offering period beginning April 26, 2016 which will expire at 12:00 midnight (EST) on May 23, 2016.  LINN unitholders who exchange their LINN units during this period will receive the same exchange ratio provided in the initial exchange.  With this new LINN offer, units tendered during the offering period will be accepted on a daily basis and may not be withdrawn.

This exchange was offered to permit holders of LINN units to maintain their economic interest in LINN through LinnCo.  LinnCo is taxed as a corporation rather than a partnership, which could allow LINN unitholders to avoid future allocations of taxable income and loss.  This would include cancellation of debt income (CODI), that may result from future debt restructurings or other strategic transactions by LINN. Future transactions may give rise to CODI, and LINN will not provide assurances that LINN unitholders who exchange their LINN units during the additional offering period will not have some amount of CODI as a result.

It is possible that CODI may arise as any settlement of LINN units are made during the subsequent offering period.  However, the CODI will likely be only a portion of the total CODI that LINN would expect to realize from future debt restructuring or other strategic transactions, such as Chapter 11 or reorganization.

Call Soreide Law Group at 888-760-6552 or visit us at http://www.securitieslawyer.com.