NEW YORK, Jan. 25, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Energy Transfer Partners, L.P. ("ETP" or the "Company") (NYSE: ETP) and certain of its officers, on behalf of shareholders who purchased ETP securities. Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/etp.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 regarding the proposed acquisition of ETP common units by Sunoco Logistics Partners ("SXL"), through its wholly owned subsidiary SXL Acquisition Sub LP.
On November 21, 2016, ETP and SXL mutually announced that the companies had entered a definitive merger agreement under which ETP would be acquired by SXL in a unit-for-unit transaction with each ETP common unitholder receiving 1.5 common units, representing limited partner interests in SXL, for each ETP common unit. The complaint alleges that the proposed consideration is insufficient for ETP's true value and its growth prospects. The complaint also alleges that the Form S-4 Registration Statement, the prospectus and proxy statement filed with the SEC provides materially incomplete and misleading information regarding ETP and the proposed merger, in violation of the Exchange Act.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/etp or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in ETP you have until March 27, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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