November 16, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Hoegh LNG Partners LP (NYSE:HMLP) shares over potential securities laws violations by Hoegh LNG Partners and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Hoegh LNG Partners LP (NYSE:HMLP) concerning whether a series of statements by Hoegh LNG Partners regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Hoegh LNG Partners LP reported that its annual Total Revenue rose from $50.87 million in 2013 to $70.19 million in 2014 while its Net Income declined from $40.53 million in 2013 to $2.41 million in 2014.
On November 11, 2015, Hoegh LNG Partners LP disclosed that its previously reported financial statements for the years ended December 31, 2014 and 2013, each quarter within the year ended December 31, 2014, the quarter ended December 31, 2013 and the quarter ended March 31, 2015 and previously announced results for the quarter ended June 30, 2015 should not be relied upon. Furthermore, Hoegh LNG Partners LP said that the Board of Directors of Hegh LNG Partners concluded that a restatement for such periods is required.

Shares of Hoegh LNG Partners LP (NYSE:HMLP) declined from $23.00 per share in May 2015 to as low as $14.95 per share on November 12, 2015.