NEW YORK, Sept. 25, 2015 /PRNewswire/ -- 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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SOURCE Levi & Korsinsky, LLP