Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Williams Partners L.P. to Contact ...
March 14 2016 - 2:45PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Northern
District of Oklahoma on behalf of purchasers of Williams Partners
L.P. (NYSE:WPZ) (“WPZ” or the “Company”) common stock during the
period between May 13, 2015 through June 19, 2015, inclusive (the
“Class Period”). Investors with losses in excess of $100,000
who wish to become proactively involved in the litigation have
until May 6, 2016 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you
and the Class, you must apply to be appointed lead plaintiff and be
selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether
to accept a settlement for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in Company common stock during the
Class Period. Members of the Class will be represented by the
lead plaintiff and counsel chosen by the lead plaintiff. No
class has yet been certified in the above action.
The complaint accuses the defendants of
violations of the Securities Exchange Act of 1934 by virtue of the
defendants’ failure to disclose during the Class Period that The
Williams Companies, Inc. (“WMB”) was considering alternative
strategic transactions that could prevent completion of WMB’s
acquisition of WPZ.
According to the complaint, following an
announcement by Energy Transfer Equity L.P. that its offer to
acquire WMB was conditioned on termination of WMB’s acquisition of
WPZ, the value of WPZ units declined significantly.
If you have suffered a loss from investment in
WPZ common stock purchased on or after May 13, 2015 and held
through the revelation of negative information during and/or at the
end of the Class Period and would like to learn more about this
lawsuit and your ability to participate as a lead plaintiff,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentsecuritiescases.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. Brower Piven also encourages anyone with
information regarding the Company’s conduct during the period in
question to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorneys at Brower Piven have extensive
experience in litigating securities and other class action cases
and have been advocating for the rights of shareholders since the
1980s. If you choose to retain counsel, you may retain Brower
Piven without financial obligation or cost to you, or you may
retain other counsel of your choice. You need take no action
at this time to be a member of the class.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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