Kahn Swick & Foti, LLC and Partner Former Louisiana Attorney General, Charles C. Foti, Jr., Notify Investors of Lawsuit Against
July 15 2011 - 1:54PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., notify
investors that they may move to file lead plaintiff applications in
a securities class action lawsuit against Duncan Energy Partners
("Duncan" or the "Company") (NYSE:DEP). The lawsuit was filed in
the United States District Court for the Southern District of Texas
against Duncan Energy and its board of directors for violations of
sections 14(a) and 20(a) of the Securities and Exchange Act of 1934
in connection with the proposed acquisition of Duncan Energy by
Enterprise Products Partners L.P.
What You May Do
If you are a Duncan shareholder and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, e-mail or call KSF Managing Partner, Lewis Kahn
(lewis.kahn@ksfcounsel.com), toll free, 877-515-1850, or via cell
phone any time at 504-301-7900. KSF also encourages anyone with
information regarding Duncan's conduct during the period in
question to contact the firm, including whistleblowers, former
employees, shareholders and others.
About the Lawsuit
The complaint arises out of an April 29, 2011 press release
announcing that the company had entered into a definitive merger
agreement with Enterprise, pursuant to which Duncan Energy
unitholders would receive 1.010 common units of Enterprise for each
common unit of Duncan Energy they own, equating to approximately
$43.82 per Duncan Energy unit (the "Proposed Acquisition"). The
complaint alleges that certain of the defendants, in connection
with Proposed Acquisition, breached or aided and abetted the other
defendants' breaches of their express and implied contractual
duties under the Amended and Restated Agreement of Limited
Partnership of Duncan Energy, dated February 5, 2007, and all
subsequent amendments thereto.
For more information on KSF, please visit
www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
or after hours via cell phone 504-301-7900
lewis.kahn@ksfcounsel.com
206 Covington St.
Madisonville, LA 70447
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