NEW YORK, Nov. 20, 2019 /PRNewswire/ -- Bernstein
Liebhard, a nationally acclaimed investor rights law firm,
announces that a securities class action has been filed on behalf
of investors that purchased or acquired the securities of Energy
Transfer LP ("Energy Transfer" or the "Company") (NYSE: ET) between
February 25,2017 and November 11, 2019, inclusive (the "Class
Period"). The lawsuit filed in the
United States District Court for the Northern District of
Texas alleges violations of the
Securities Exchange Act of 1934.
If you purchased ET securities, and/or would like to discuss
your legal rights and options please visit Energy Transfer
Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877)
779-1414 or MGuarnero@bernlieb.com.
The complaint filed in this class action alleges that throughout
the Class Period, Defendants made materially false and/or
misleading statements, as well as failed to disclose material
adverse facts about the Company's business, operational and
compliance policies. Specifically, Defendants made false and/or
misleading statements and/or failed to disclose that: (i) Energy
Transfer's permits to conduct the Mariner East pipeline project in
Pennsylvania were secured via
bribery and/or other improper conduct; (ii) the foregoing
misconduct increased the risk that the Company and/or certain of
its employees would be subject to government and/or regulatory
action; and (iii) as a result, the Company's public statements were
materially false and misleading at all relevant times.
On November 12, 2019, the
Associated Press reported that Energy Transfer's Mariner East
pipeline project was under investigation by the Federal Bureau of
Investigation ("FBI"). Citing interviews with current and former
state employees, the Associated Press reported that the FBI's
investigation "involves the permitting of the pipeline, whether
[Pennsylvania Governor
Tom] Wolf and his administration
forced environmental protection staff to approve construction
permits and whether Wolf or his administration received anything in
return."
On this news, Energy Transfer's unit price fell $0.81 per share, or 6.77%, over the following two
trading sessions, closing at $11.16
per share on November 13, 2019.
If you purchased Energy Transfer securities, and/or would
like to discuss your legal rights and options please visit
https://www.bernlieb.com/cases/energytransferlp-et-shareholder-class-action-lawsuit-stock-fraud-222/apply
or contact Matthew E. Guarnero toll
free at (877) 779-1414 or MGuarnero@bernlieb.com.
If you wish to serve as lead plaintiff, you must move the Court
no later than January 20, 2020. A
lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. Your ability to share in
any recovery doesn't require that you serve as lead plaintiff. If
you choose to take no action, you may remain an absent class
member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National
Law Journal's "Plaintiffs' Hot List" thirteen times and
listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP