On or around 03/15/2019 (Other)
Filing Date: April 17, 2018
According to the Complaint, NuStar GP Holdings, LLC (“NSH” ) and NuStar Energy, L.P. (the “Partnership”) are engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products, and the marketing of petroleum products. The Partnership currently has more than 9400 miles of pipeline and 81 terminal and storage facilities that store and distribute crude oil, refined products, and specialty liquids.
On February 8, 2018, the Partnership and NSH issued a joint press release announcing the Proposed Transaction. On March 14, 2018, the Individual Defendants caused the filing of the Registration Statement with the SEC in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information that must be disclosed to NSH’s unitholders to enable them to render an informed decision with respect to the Proposed Transaction.
This case was voluntarily dismissed on July 26, 2018.
Company & Securities Information
Defendant: NuStar GP Holdings, LLC
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: NSH
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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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
Thomas M. Bessette, et al. v. NuStar GP Holdings, LLC, et al.