NEW YORK, Oct. 18, 2018 /PRNewswire/ -- WeissLaw LLP
announced that it has filed a class action on behalf of unitholders
of Energy Transfer Partners, L.P. ("ETP") (NYSE: ETP) seeking to
pursue remedies under the Securities Exchange Act of 1934 (the
"Exchange Act") in connection with the proposed acquisition of ETP
by Energy Transfer Equity, L.P. ("ETE"). The class action was
commenced in the United States
District Court for the Northern District of Texas, Dallas Division.
On August 1, 2018, ETP and ETE
issued a joint press release announcing that they had entered into
an Agreement and Plan of Merger pursuant to which ETP unitholders
will be entitled to receive 1.28 common units of ETE for each ETP
common unit held (the "Proposed Transaction").
The complaint seeks injunctive and other relief on behalf of the
named plaintiff and all ETP unitholders, and alleges that in an
attempt to secure unitholder approval for the merger, the
defendants filed a materially incomplete and misleading proxy
statement with the Securities and Exchange Commission in violation
of the Exchange Act. The omitted and/or misrepresented
information is believed to be material to ETP 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.
If you wish to serve as lead plaintiff, you must move the
Court no later than sixty (60) days from today. If you wish to
discuss this action or have any questions concerning this notice or
your rights or interests, please contact plaintiff's counsel,
Joshua M. Rubin of WeissLaw
at 888.593.4771, or by e-mail at
stockinfo@weisslawllp.com. 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
