Scott+Scott, Attorneys at Law, LLP Announces Investigation of Plains All American Pipeline, L.P. (PAA)
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 firstname.lastname@example.org.
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.
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Copyright Business Wire 2015
Source: Business Wire
(October 27, 2015 - 11:07 AM EDT)
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