Energy Transfer Partners, L.P. ("ETP" or the Company) is one of America's largest and most diversified midstream energy companies. The Company engages in natural gas and propane pipeline transport.

According to the Complaint, this action stems from a Proposed Transaction announced on November 21, 2016, pursuant to which ETP will be acquired by Sunoco Logistics Partners L.P (“SXL”).

On November 20, 2016, ETP’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger, which was amended on December 16, 2016, with SXL, Sunoco Partners LLC, Energy Transfer Equity, L.P., and Energy Transfer Partners GP, L.P. Pursuant to the terms of the Merger Agreement, unitholders of ETP will receive 1.5 common units of SXL for each common unit of ETP they own. On December 19, 2016, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction.

The Complaint alleges the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

Plaintiffs filed an amended complaint on July 31, 2017. Plaintiffs filed a second amended complaint on August 21.

This case was voluntarily dismissed on November 21, 2017.