Scott+Scott, Attorneys at Law, LLP Announces Investigation of Plains All American Pipeline, L.P. (PAA)
October 27 2015 - 11:07AM
Business Wire
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national
shareholder and consumer rights litigation firm, announces the
commencement of an investigation into Plains All American Pipeline,
L.P. (NYSE:PAA) (“PAA”) to determine whether PAA’s Officers and
Directors have breached their fiduciary duties owed to PAA and its
shareholders. If you are a PAA shareholder, you are encouraged to
contact Scott+Scott for additional information.
PAA (NYSE:PAA) engages in the transportation, storage,
terminalling, and marketing of crude oil, natural gas liquids
(NGL), natural gas, and refined products. PAA is one of the largest
crude oil and other liquid energy pipeline operators in the United
States.
On May 19, 2015, Line 901 — a PAA pipeline that spans
approximately 10.6 miles in Santa Barbara County, California — had
ruptured, triggering a spill that impacted several miles of some of
the most environmentally sensitive and protected coastline in North
America.
On May 21, 2015, the Pipeline and Hazardous Materials Safety
Administration, the federal agency that oversees the vast majority
of PAA’s pipelines, issued a Corrective Action Order requiring PAA
to take corrective actions with respect to Line 901 in order to
protect the public, property, and the environment from potential
hazards arising from the spill.
Finally, on August 5, 2015, PAA further disclosed that both the
U.S. Department of Justice and the California Attorney General were
investigating the spill and that PAA could be liable for potential
criminal violations of the Clean Water Act.
What You Can Do
If you are a long term PAA shareholder, you may have legal
claims against PAA Officers and Directors. If you wish to discuss
this investigation, or have questions about this notice or your
legal rights, please contact attorney Joseph Halloran at (800)
404-7770 or (646) 582-0121 or at or jhalloran@scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major
securities, antitrust, and employee retirement plan actions
throughout the United States. The firm represents pension funds,
foundations, individuals, and other entities worldwide.
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version on businesswire.com: http://www.businesswire.com/news/home/20151027006361/en/
Scott+Scott, Attorneys at Law, LLPJoseph V. Halloran,
646-582-0121jhalloran@scott-scott.com
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