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 October 27, 2015 - 11:07 AM EDT
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Scott+Scott, Attorneys at Law, LLP Announces Investigation of Plains All American Pipeline, L.P. (PAA)

Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into Plains All American Pipeline, L.P. (NYSE:PAA) (“PAA”) to determine whether PAA’s Officers and Directors have breached their fiduciary duties owed to PAA and its shareholders. If you are a PAA shareholder, you are encouraged to contact Scott+Scott for additional information.

PAA (NYSE:PAA) engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products. PAA is one of the largest crude oil and other liquid energy pipeline operators in the United States.

On May 19, 2015, Line 901 — a PAA pipeline that spans approximately 10.6 miles in Santa Barbara County, California — had ruptured, triggering a spill that impacted several miles of some of the most environmentally sensitive and protected coastline in North America.

On May 21, 2015, the Pipeline and Hazardous Materials Safety Administration, the federal agency that oversees the vast majority of PAA’s pipelines, issued a Corrective Action Order requiring PAA to take corrective actions with respect to Line 901 in order to protect the public, property, and the environment from potential hazards arising from the spill.

Finally, on August 5, 2015, PAA further disclosed that both the U.S. Department of Justice and the California Attorney General were investigating the spill and that PAA could be liable for potential criminal violations of the Clean Water Act.

What You Can Do

If you are a long term PAA shareholder, you may have legal claims against PAA Officers and Directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joseph Halloran at (800) 404-7770 or (646) 582-0121 or at or jhalloran@scott-scott.com.

About Scott+Scott, Attorneys at Law, LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.

Scott+Scott, Attorneys at Law, LLP
Joseph V. Halloran, 646-582-0121
jhalloran@scott-scott.com


Source: Business Wire (October 27, 2015 - 11:07 AM EDT)

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