Yes, it was a false rumour

For the general relief, Ryan Mendez wrote on the topic Mendez RULES!! on fan2band.com:

regarding the lp band thread, i havent read through it yet but i assume its people freaking out because lp is playing in a local side project band in jacksonville. oh my god!!!!!!!

sorry i havent been on much lately, we have been busy getting ready for the tour. i think you all are going to love it, rehearsal sounded awesome with the cello. ill be on a lot more now that we are on the road, im usually online a lot less at home.

So that is. :)
No one knows where the rumour about the end of the band came from.
And other rumours must come. >.<
I recommend you don't take anything seriously.
Some can be real but we'll only know the truth if one of the members speak.
I also recommend you visit the official forum because Mendez is always there answering questions and doubts of everybody, he can answer yours! :D

As it was said, the new tour restarted with sold out shows, that means a lot! *-*

Stay tuned for more news. ;D