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Southcross Energy Partners LP

Case Summary

Southcross Energy Partners LP Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 06/06/2018 (Notice of voluntarily dismissal)

Filing Date: January 22, 2018

According to the Complaint, Southcross is a limited partnership organized and existing under the laws of the State of Delaware. Southcross sources, purchases, gathers, processes, treats, compresses and transports natural gas.

Plaintiff brings this class action on behalf of the public unitholders of Southcross Energy Partners, L.P. (“Southcross” or the “Company”) against Southcross Energy Partners GP, LLC’s Board of Directors (the “Board” or the “Individual Defendants”), which manages the Company, and the Board of Directors of Southcross Holdings GP LLC (the “Holdings Board”) for their violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934, 15.U.S.C. §§ 78n(a), 78t(a), and SEC Rule 14a-9, 17 C.F.R. 240.14a-9, arising out of the Board’s attempt to sell the Company to American Midstream Partners, LP through its wholly-owned subsidiary Cherokee Merger Sub LLC (collectively “AMID”).

The Complaint alleges that Defendants have violated the above-referenced Sections of the Exchange Act by
causing a materially incomplete and misleading preliminary registration statement (the “Registration Statement”) to be filed with the Securities and Exchange Commission (“SEC”) on January 11, 2018.

This case was voluntarily dismissed on April 10, 2018. A related case continues under Docket 18-CV-00289. The related case was dismissed as moot on June 6, 2018.

Company & Securities Information

Defendant: Southcross Energy Partners LP

COMPANY INFORMATION:

Sector: Utilities
Industry: Natural Gas Utilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SXE
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Robinson Iglesias, et al. v. Southcross Energy Partners LP, et al.

COURT: N.D. Texas
DOCKET #: 18-CV-00158
JUDGE: Hon. David C Godbey
DATE FILED: 01/22/2018
CLASS PERIOD START: 11/01/2017
CLASS PERIOD END: 01/22/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kendall Law Group, LLP
    3232 McKinney, Ste 700, Kendall Law Group, LLP, TX 75204
    214.744.3000 214.744.3000 ·
  2. Rowley Law PLLC
    50 Main Street, Suite 1000, Rowley Law PLLC, NY 10606
    914.400.1920 914.301.3514 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 01/22/2018
2 U.S. District Court Civil Docket 04/10/2018
3 Plaintiff's Notice of Voluntary Dismissal 04/10/2018

Reference Complaint

Robert Johnson, et al. v. Southcross Energy Partners LP, et al.

COURT: N.D. Texas
DOCKET #: 18-CV-00289
JUDGE: Hon. David C Godbey
DATE FILED: 02/05/2018
CLASS PERIOD START: 11/01/2017
CLASS PERIOD END: 02/05/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Balon B. Bradley Law Firm
    5473 Blair Road, Suite 100 , Balon B. Bradley Law Firm, TX 75231
    972/991-1582 972/755-0424 ·
  2. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Complaint - Class Action - for Violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 02/05/2018
2 U.S. District Court Civil Docket 02/06/2018
3 Notice of Voluntary Dismissal 06/06/2018

Related District Court Filings

No Document Title Filing Date
1 Complaint for Violation of the Securities Exchange Act of 1934 01/24/2018
2 U.S. District Court Civil Docket 06/06/2018
 
 

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