INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by Board of PAA Natural Gas ...
December 20 2013 - 1:19PM
Marketwired
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of
Claims of Breaches of Fiduciary Duty by Board of PAA Natural Gas
Storage, L.P. in Connection With Sale of Company to Plains All
American Pipeline, L.P.
NEW YORK, NY--(Marketwired - Dec 20, 2013) - Levi &
Korsinsky notifies investors of PAA Natural Gas Storage, L.P.
("PNG" or the "Company") (NYSE: PNG) of claims of breaches of
fiduciary duty and other violations of state law against the board
of directors of the Company in connection with the sale of the
Company to a Plains All American Pipeline, L.P. ("PAAP") (NYSE:
PAA). A complaint was filed in Delaware state court.
Click here to learn more about the case
http://zlk.9nl.com/paa-natural-gas-png/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, PNG shareholders will
receive 0.445 common units of PAAP for each unit of PNG stock
surrendered, plus cash in lieu of any fractional common units of
PAAP otherwise issuable in the merger. PAAP already owns 100% of
the outstanding subordinated units of PNG and approximately 46% of
PNG's outstanding common units. The claims concern whether the PNG
Board of Directors breached their fiduciary duties to stockholders
by failing to maximize shareholder value.
If you own PNG common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/paa-natural-gas-png/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm has
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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