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Tallgrass Energy, LP

Case Summary

Tallgrass Energy, LP Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 02/06/2020 (Date of last review)

Filing Date: January 31, 2020

According to the Complaint, Tallgrass Energy, LP (TGE) is a limited partnership that owns, operates, acquires and develops midstream energy assets in North America. The Partnership operates and owns its operating assets through its direct and indirect subsidiaries. Tallgrass maintains three reportable business segments: Natural Gas Transportation, Crude Oil Transportation, and Gathering, Processing & Terminalling.

On December 16, 2019, the Board caused the Partnership to enter into an agreement and plan of merger between TGE and affiliates of Blackstone Infrastructure Partners together with affiliates of Enagas, GIC, NPS and USS, pursuant to which the Partnership’s shareholders stand to receive $22.45 in cash for each Class A share representing a limited partner interest of TGE they own.

The Complaint alleges that on January 21, 2020, in order to convince TGE shareholders to vote in favor of the Proposed Transaction, the Board authorized the filing of a materially incomplete and misleading Form PREM14A Preliminary Proxy Statement with the Securities and Exchange Commission.

Company & Securities Information

Defendant: Tallgrass Energy, LP

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: TGE
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.

First Identified Complaint

David Fisk, et al. v. Tallgrass Energy, LP, et al.

COURT: D. Delaware
DOCKET #: 20-CV-00155
JUDGE: Hon. Maryellen Noreika
DATE FILED: 01/31/2020
CLASS PERIOD START: 12/17/2019
CLASS PERIOD END: 01/31/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi, LLP (Wilmington 2019)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 01/31/2020
2 U.S. District Court Civil Docket 01/31/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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