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Case Status:    ONGOING    
On or around 12/31/2019 (Date of last review)

Filing Date: June 13, 2019

According to the Complaint, Buckeye Partners, L.P. is a master limited partnership that owns and operates a diversified global network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing, and marketing of liquid petroleum products.

This action stems from a proposed transaction announced on May 10, 2019, pursuant to which Buckeye Partners, L.P. will be acquired by IFM Global Infrastructure Fund and its affiliates.

On May 10, 2019, the Board of Directors of Buckeye’s general partner, Buckeye GP LLC, caused the Partnership to enter into an agreement and plan of merger with Hercules Intermediate Holdings LLC, Hercules Merger Sub LLC, Buckeye Pipe Line Services Company, and the General Partner. Pursuant to the terms of the Merger Agreement, Buckeye’s unitholders will receive $41.50 in cash for each Buckeye common unit they own.

On June 7, 2019, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on August 9, 2019. A related case continues under Docket 19-CV-02645 in the Southern District of Texas.

On December 10, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on December 23.


Sector: Energy
Industry: Oil & Gas Operations
Headquarters: United States


Ticker Symbol: BPL
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.
COURT: S.D. Texas
DOCKET #: 19-CV-02147
JUDGE: Hon. Alfred H Bennett
DATE FILED: 06/13/2019
CLASS PERIOD END: 06/13/2019
  1. Brodsky & Smith, LLC
  2. The Bilek Law Firm, L.L.P.
No Document Title Filing Date
COURT: S.D. Texas
DOCKET #: 19-CV-02645
JUDGE: Hon. Alfred H Bennett
DATE FILED: 12/23/2019
CLASS PERIOD END: 06/28/2019
  1. Cooch and Taylor, P.A. (Wilmington)
    1007 N. Orange Street, Suite 1120, Cooch and Taylor, P.A. (Wilmington), DE 19801
    302.984.3800 ·
  2. Krislov & Associates, Ltd.
    20 North Wacker Drive, Suite 1350, Krislov & Associates, Ltd. , IL 60606
    312.606.0500 312.606.0207 ·
  3. Shepherd, Smith, Edwards & Kantas, LLP
    1010 Lamar, Suite 900, Shepherd, Smith, Edwards & Kantas, LLP, TX 77002
No Document Title Filing Date
No Document Title Filing Date