On May 24, 2006, Linn Energy, LLC received a Nasdaq Staff Determination letter indicating that the Company failed to comply with the filing requirements for continued listing set forth in Marketplace Rule 4310(c)(14) because the Company had not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2006 (the "Form 10-Q"). As a result, the Company's units are subject to delisting from The Nasdaq Stock Market. The Company has scheduled a hearing for June 1, 2006 before a Nasdaq Listing Qualifications Panel (the "Panel") to appeal the Staff's determination. Pending a decision by the Panel, the Company's units will remain listed on The Nasdaq Stock Market.
If you are a current shareholder or purchased shares on the Jan. 13, 2006 IPO or in the aftermarket and would like to discuss your options of exercising your rights as a shareholder, please contact us.
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