A securities class action has been filed against Energy Transfer LP (ET) on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired Energy Transfer securities between February 25, 2017 through November 11, 2019.  This case has been filed in the USDC – Texas (Northern).

The Complaint alleges that throughout the Class Period, the defendants made materially false and misleading statements regarding the Energy Transfer LP’s (“Energy Transfer” or the “Company”) business, operational and compliance policies. Specifically, the defendants made false and/or misleading statements and/or failed to disclose that: (i) Energy Transfer’s permits to conduct the Mariner East pipeline project in Pennsylvania were secured via bribery and/or other improper conduct; (ii) the foregoing misconduct increased the risk that the Company and/or certain of its employees would be subject to government and/or regulatory action; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.