New York based Levi & Korsinsky is investigating the Board of Directors of Energy Transfer Partners, L.P. (NYSE: ETP) in connection with the sale of the Company to Sunoco Logistics Partners L.P. (NYSE: SXL). Under the terms of the transaction, Energy Transfer shareholders will receive 1.5 common units of SXL for each common unit of Energy Transfer.
The investigation concerns whether the Board of Energy Transfer breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether SXL is underpaying for Energy Transfer shares.
The New York based law firm issued the following statement:
To: All Persons or Entities who purchased Energy Transfer Partners, L.P. (“Energy Transfer”) (NYSE: ETP) stock prior to November 21, 2016.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Energy Transfer to Sunoco Logistics Partners L.P. (NYSE: SXL) for 1.5 common units of SXL for each common unit of Energy Transfer. To learn more about the action and your rights, go to:
http://zlk.9nl.com/energy-transfer
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
There is no cost or obligation to you.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
