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Investigations  /  11.26.2019

Shareholder Investigation of Energy Transfer LP

Energy Transfer LP (ET) Accused of Bribery 

According to the complaint for violations of the Securities Exchange Act of 1934, in February 2017, the Pennsylvania Department of Environmental Protection approved water-crossing and sedimentation permits for the Mariner East 2 pipeline, which was believed to be the final regulatory hurdle to begin construction of the pipeline. What Energy Transfer’s investors didn’t know, however, was that Energy Transfer’s permits were secured via bribery and other improper conduct. This wrongdoing became public knowledge on November 12, 2019, when the Associated Press reported that Energy Transfer’s Mariner East pipeline project was under investigation by the Federal Bureau of Investigation relating to “the permitting of the pipeline, whether [Pennsylvania Governor Tom] Wolf and his administration forced environmental protection staff to approve construction permits and whether Wolf or his administration received anything in return.” On this news, Energy Transfer stock fell almost 7% to close at $11.16.

 Energy Transfer LP (ET) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can send us a message via the Shareholder Information Form below.

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Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

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