NEW YORK, March 8, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Williams Partners L.P. ("Williams Partners" or the "Company") (NYSE: WPZ). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Williams Partners and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 13, 2015, Williams Partners announced an agreement pursuant to which Williams Companies, Inc. would acquire all publicly-held Williams Partners common units. Unknown to the investing public, however, Williams Companies' management was concurrently in discussions with Energy Transfer Equity L.P. concerning a proposal by ETE to acquire Williams Companies, pursuant to which Williams Companies would be required to terminate its merger with Williams Partners. On June 22, 2015, ETE publicly disclosed the details of its months-long pursuit of Williams Companies, along with the merger-termination requirement.
On this news, Williams Partners stock fell $4.04, or 7.6%, to close at $49.10 on June 22, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Robert S. Willoughby Pomerantz LLP firstname.lastname@example.org
SOURCE Pomerantz LLP