CURRENT SHAREHOLDERS: Zamansky LLC Investigates Energy Transfer LP (ET) for Potential Breaches of Fiduciary Duties
November 22 2019 - 4:31PM
Business Wire
Zamansky LLC announces that it is investigating Energy Transfer
LP (ET) (“Energy Transfer” or the “Company”) for potential breaches
of fiduciary duties by Energy Transfer’s senior officers and board
of directors. If you are a shareholder of Energy Transfer who still
holds your shares, and have held since February 2017, please
contact our firm for information.
As the Associated Press reported on November 12, 2019, Energy
Transfer’s Mariner East pipeline project has been under
investigation by the Federal Bureau of Investigation (“FBI”) for
potential issues relating to bribery. 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 by more than 6%, harming investors.
According to Jake Zamansky, investment fraud attorney, Energy
Transfer’s officers and directors owe the Company and its
shareholders fiduciary duties. “The recent announcements regarding
FBI investigations and other related issues raise potential concern
for investors,” Zamansky says. “Our law firm is investigating
whether the officers and directors have breached their duties to
Energy Transfer and its shareholders.”
What Energy Transfer Shareholders Can Do
If you are a current shareholder of Energy Transfer who still
holds your stock, please contact us to review or discuss your legal
rights. You may, without obligation or cost to you, email
jake@zamansky.com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with
experience handling securities, hedge fund, ERISA and other
shareholder class action and derivative litigation. We are
investment fraud attorneys who represent both individual and
institutional investors. Our practice is nationally recognized for
our ability to aggressively prosecute cases and recover investment
losses.
To learn more about Zamansky LLC, please visit our website,
http://www.zamansky.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191122005434/en/
Zamansky LLC 50 Broadway - 32nd Floor New York, NY 10004 Jake
Zamansky, 212-742-1414 jake@zamansky.com
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