NEW YORK, July 8, 2019 /PRNewswire/ -- WeissLaw LLP
announced that it has filed a class action in the United States District Court for the
Southern District of New York, on
behalf of unitholders of Buckeye Partners, L.P. ("Buckeye") (NYSE:
BPL) in connection with the proposed acquisition of Buckeye by IFM
Investors Pty Ltd ("IFM Investors") (the "Proposed
Transaction"). The class action seeks to pursue remedies
under the Securities Exchange Act of 1934 (the "Exchange Act") on
behalf of all persons or entities that purchased or otherwise
acquired units of Buckeye as of May 10,
2019 and continue to hold units of Buckeye (the "Class
Period").
If you wish to serve as lead plaintiff, you
must move the Court no later than sixty (60) days from today.
Please contact plaintiff's counsel:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website for more information or to
view a copy of the complaint
http://www.weisslawllp.com/buckeye-partners-lp-pslra/
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On May 10, 2019, Buckeye and IFM
Investors issued a joint press release announcing they had entered
into an Agreement and Plan of Merger pursuant to which Buckeye
unitholders will be entitled to receive $41.50 in cash for each unit of Buckeye they
own.
The complaint seeks injunctive and other relief on behalf of the
named plaintiff and all Buckeye unitholders, and alleges that in an
attempt to secure unitholder approval for the merger, the
defendants filed a materially incomplete and misleading proxy
statement on Schedule 14A with the U.S. Securities and Exchange
Commission in violation of the Exchange Act. The omitted
and/or misrepresented information is believed to be material to
Buckeye unitholders' ability to make an informed decision whether
to vote in favor of the Proposed Transaction. The plaintiff
is represented by WeissLaw, which has expertise in prosecuting
investor class actions and extensive experience in actions
involving financial fraud.
Any member of the putative class may move the Court to serve as
lead plaintiff through counsel of their choice, or may choose to do
nothing and remain an absent class member.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions, recovering over a billion dollars for clients.
If you have information or would like legal advice concerning
possible corporate wrongdoing please email us at
stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP