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Case Status:    ONGOING    
On or around 02/04/2020 (Date of last review)

Filing Date: November 20, 2019

According to the Complaint, Energy Transfer operates as a subsidiary of LE GP, LLC. Energy Transfer provides energy-related services in the U.S. and China. The Partnership owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. The Partnership sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Partnership’s business, operational and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Energy Transfer’s permits to conduct the Mariner East pipeline project in Pennsylvania were secured via bribery and/or other improper conduct; (ii) the foregoing misconduct increased the risk that the Partnership and/or certain of its employees would be subject to government and/or regulatory action; and (iii) as a result, the Partnership’s public statements were materially false and misleading at all relevant times.

This case was voluntarily dismissed on January 15, 2020. A related case continues under Docket 20-CV-00200 in the Eastern District of Pennsylvania.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil & Gas - Integrated
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ET
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: N.D. Texas
DOCKET #: 19-CV-02771
JUDGE: Hon. Ed Kinkeade
DATE FILED: 11/20/2019
CLASS PERIOD START: 02/25/2017
CLASS PERIOD END: 11/11/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
  2. The Briscoe Law Firm, PLLC (Dallas)
No Document Title Filing Date
COURT: E.D. Pennsylvania
DOCKET #: 20-CV-00200
JUDGE: Hon. Ed Kinkeade
DATE FILED: 01/10/2020
CLASS PERIOD START: 02/25/2017
CLASS PERIOD END: 11/11/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (Former New York)
    1285 Avenue of the Americas, 33rd Floor, Bernstein Litowitz Berger & Grossmann LLP (Former New York), NY 10019
    212.554.1400 212.554.1444 · blbg@blbglaw.com
  2. The Weiser Law Firm, P.C. (Berwyn)
    22 Cassatt Ave, The Weiser Law Firm, P.C. (Berwyn), PA 19312
    610 225 2677 ·
No Document Title Filing Date
—Related District Court Filings Data is not available