According to the Complaint, Energy Transfer LP 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, operations 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.

On February 18, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on June 15. Defendants filed a Motion to Dismiss the amended Complaint on August 14. On April 6, 2021, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss.

Lead Plaintiff filed a Motion for Class Certification on September 17, 2021. On August 23, 2022, the Court issued an Order granting in part and denying in part the Class Certification Motion.

Defendants filed a Motion for Summary Judgment on January 19, 2024. On August 8, the Court issued an Order granting in part and denying in part Defendants' Motion for Summary Judgment.

On June 12, 2025, the parties entered into a Stipulation and Agreement of Settlement.