INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in Williams Partne...
23 March 2016 - 5:45AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has
been commenced in the United States District Court for the Northern
District of Oklahoma on behalf of purchasers of Williams Partners
L.P. (NYSE: WPZ) (“WPZ” or the “Company”) common stock during the
period between May 13, 2015 through June 19, 2015, inclusive (the
“Class Period”). Investors with losses in excess of $100,000 who
wish to become proactively involved in the litigation have until
May 6, 2016 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement for the Class in the action. The lead plaintiff will be
selected from among applicants claiming the largest loss from
investment in Company common stock during the Class Period. Members
of the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. No class has yet been certified in
the above action.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants’
failure to disclose during the Class Period that The Williams
Companies, Inc. (“WMB”) was considering alternative strategic
transactions that could prevent completion of WMB’s acquisition of
WPZ.
According to the complaint, following an announcement by Energy
Transfer Equity L.P. that its offer to acquire WMB was conditioned
on termination of WMB’s acquisition of WPZ, the value of WPZ units
declined significantly.
If you have suffered a loss from investment in WPZ common stock
purchased on or after May 13, 2015 and held through the revelation
of negative information during and/or at the end of the Class
Period and would like to learn more about this lawsuit and your
ability to participate as a lead plaintiff, without cost or
obligation to you, please visit our website at
http://www.browerpiven.com/currentsecuritiescases.html. You may
also request more information by contacting Brower Piven either by
email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Brower Piven also encourages anyone with information regarding the
Company’s conduct during the period in question to contact the
firm, including whistleblowers, former employees, shareholders and
others.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you
choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be
a member of the class.
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version on businesswire.com: http://www.businesswire.com/news/home/20160322006441/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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