NEW
YORK, July 1, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Energy Transfer LP (NYSE:
ET).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/energy-transfer-lp-loss-submission-form/?id=29416&from=4
This lawsuit is on behalf of persons who purchased or otherwise
acquired common shares of Energy Transfer stock between
April 13, 2017 and December 20, 2021, both dates inclusive.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
August 2, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Energy Transfer LP issued
materially false and/or misleading statements and/or failed to
disclose that: (a) Energy Transfer had inadequate internal controls
and procedures to prevent contractors from engaging in illegal
conduct with regards to drilling activities, and/or failed to
properly mitigate known issues related to such controls and
procedures; (b) Energy Transfer, through its subsidiary Rover
Pipeline, LLC, hired a third-party contractor to conduct Horizontal
Directional Drilling Activities for the Rover Pipeline Project,
whose conduct of adding illegal additives in the drilling mud
caused severe pollution near the Tuscarawas River when a large
inadvertent release took place on April 13,
2017; (c) Energy Transfer continually downplayed its
potential civil liabilities when the Federal Energy Regulatory
Commission ("FERC") was actively investigating the Energy
Transfer's wrongdoing related to the April 13 release and
consistently provided it with updated information about FERC's
findings on this matter.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law