SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Plains All American Pipeline, L.P. and Plains GP Holdings, L...
October 08 2015 - 10:25AM
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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