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Case Status:    ONGOING    
On or around 02/18/2020 (Date of last review)

Filing Date: October 10, 2019

According to the Complaint, American Midstream Partners, LP is a growth-oriented master limited partnership formed to own, operate, develop, and acquire a diversified portfolio of midstream energy assets. Until July 23, 2019, American Midstream traded on the New York Stock Exchange under the ticker AMID. Following the take-private transaction, American Midstream changed its name to Third Coast Midstream, LLC.

This Action revolves around an alleged undisclosed scheme set in place by Defendants to take American Midstream private for a fraction of its value. In order to effectuate their plans, the Complaint alleges Defendants abused their control over the Company by first reducing, and then withholding, American Midstream’s quarterly distribution, which caused its unit price to plummet.

On December 11, 2019, the Court issued an Order appointing Co-Lead Plaintiffs and Counsel. Co-Lead Plaintiffs filed an amended Complaints on February 18, 2020.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: AMID
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. New York
DOCKET #: 19-CV-09398
JUDGE: Hon. Valerie E. Caproni
DATE FILED: 10/10/2019
CLASS PERIOD START: 07/27/2018
CLASS PERIOD END: 07/23/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow LLP
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 19-CV-09398
JUDGE: Hon. Valerie E. Caproni
DATE FILED: 02/18/2020
CLASS PERIOD START: 07/27/2018
CLASS PERIOD END: 07/23/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
No Document Title Filing Date
—Related District Court Filings Data is not available