SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Plains All American Pipeline, L.P. and Plains GP Holdings, ...
September 21 2015 - 08:46PM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased (a) common units of
Plains All American Pipeline, L.P. (NYSE:PAA) between February 27,
2013 and August 4, 2015; (b) Class A shares of Plains GP Holdings,
L.P. (NYSE:PAGP) between October 16, 2013 and August 4, 2015; (c)
Plains Holdings' Class A shares traceable to the Initial Public
Offering; or (d) Plains Holdings' Class A shares traceable to the
November 2014 secondary offering.
You are hereby notified that a class action has
commenced in the USDC for the Central District of California. To
learn more go to:
http://zlk.9nl.com/plains-all-american-pipeline-paa
or contact Joseph E. Levi, Esq. via email at jlevi@zlk.com or by
telephone at (877) 363-5972. There is no cost or obligation
to you.
The complaint alleged that defendants failed to disclose the
lack of integrity concerning the Companies' pipeline operations as
well as their lack of compliance with federal regulations. The
complaint cites that executives of Plains qualified its Line 901
pipeline off the coast of Santa Barbara, California as "state of
the art," with an oil spill qualified as "extremely unlikely."
On May 19, 2015, Line 901 ruptured but was called a small spill
with approximately 2,400 barrels released into the Pacific
coastline. However, on August 5, 2015, defendants announced that
the spill was much greater than initially estimated and that the
U.S. Department of Justice had initiated a criminal
investigation.
If you suffered a loss in Plains All American or Plains
GP Holdings you have until October 16, 2015 to request
that the Court appoint you as lead plaintiff. Your ability to share
in any recovery doesn't require that you be a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm's
attorneys have extensive expertise in representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph E. Levi
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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