SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Williams Partners L.P. To Contact The Firm Before Lead Plaintiff Deadline
NEW YORK, April 5, 2016 / Marketwired/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Williams Partners L.P. (“Williams” or the “Company”) (NYSE:WPZ) of the May 6, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Northern District of Oklahoma on behalf of all those who purchased Williams securities between May 13, 2015 and June 19, 2015 (the “Class Period”). The case, Erber v. Williams Companies, Inc., The et al, No. 4:16-cv-00131 was filed on March 7, 2015, and has been assigned to Judge James H. Payne and Magistrate Judge Frank H. McCarthy.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company’s parent, Williams Companies, Inc., was considering alternative strategic dealings with Energy Transfer Equity L.P that would require Williams Companies, Inc. to terminate its previously, publicly announced merger dealings with the Company.
Specifically, on May 13, 2015, the Company made public an agreement according to which its parent, Williams Companies, Inc., would purchase all publicly-held Williams common units. However, on June 22, 2015, Energy Transfer Equity L.P. publicly disclosed the details of its months-long pursuit of Williams Companies, Inc., along with the merger-termination requirement between Williams Companies, Inc. and the Company.
After the announcement, Williams’s share price fell from a closing price of $53.14 per share on June 19, 2015 to a closing price of $49.10 per share on June 22, 2015 — a $4.04 or a 7.6% drop.
If you invested in Williams securities May 13, 2015 and June 19, 2015 and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Williams’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.
* The submission of this form does not create an attorney-client relationship.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.