Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Star Gas Partners, L.P.

Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Star
Gas Partners, L.P. 


HARTFORD, Conn., Oct. 22  /PRNewswire/ -- The law firm of Schatz & Nobel, P.C.,
which has significant experience representing investors in prosecuting claims
of securities fraud, announces that a lawsuit seeking class action status has
been filed in the United States District Court for the District of Connecticut
on behalf of all persons who purchased the securities of Star Gas Partners,
L.P. (NYSE: SGU; SGH) ("Star Gas") between December 4, 2003 and October 18,
2004 (the "Class Period"), including anyone who purchased in the February 2,
2004 public offering.

The complaint alleges that during the Class Period, Star Gas violated federal
securities laws by issuing false and misleading public statements.  On October
18, 2004, TheStreet.com issued an article, entitled "Stocks In Motion: Star
Gas," which stated: "Earnings at Star Gas' heating oil unit are expected to
decline substantially, the company said, which will not permit it to meet the
borrowing conditions under its working capital line.  Star is currently in
talks with lenders to modify conditions and other terms that would allow its
business unit to operate through the winter.  If lenders do not agree, however,
to offer modified terms, Star said it could be forced to seek alternative
financing on 'extremely disadvantageous' terms or even be forced to seek
bankruptcy protection."  On this news, Star Gas's stock closed at $4.32 per
share on October 18, 2004, down from a closing price of $21.60 per share on the
previous trading day.

If you are a member of the class, you may, no later than December 20, 2004,
request that the Court appoint you as lead plaintiff of the class.  A lead
plaintiff is a class member that acts on behalf of other class members in
directing the litigation.  Although your ability to share in any recovery is
not affected by the decision whether or not to seek appointment as a lead
plaintiff, lead plaintiffs make important decisions which could affect the
overall recovery for class members, including decisions concerning settlement.
The securities laws require the Court to consider the class member(s) with the
largest financial interest as presumptively the most adequate lead
plaintiff(s).

For more information about the case, its claims, and your rights, please
contact Schatz & Nobel toll-free at [phone], or by e-mail at .  To view
a copy of the lawsuit initiating the class action, or for more information
about class action cases and Schatz & Nobel, please visit our website:
http://www.snlaw.net/.

  CONTACT:   Wayne T. Boulton
             Tel.: [phone]
             Website: http://www.snlaw.net/
             e-mail: 

DATASOURCE: Schatz & Nobel, P.C.



CONTACT:  Wayne T. Boulton of Schatz & Nobel, [phone],





Web site:  http://www.snlaw.net/

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