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Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Energy Transfer LP Investors

November 25, 2019

LOS ANGELES--(BUSINESS WIRE)--Nov 25, 2019--

Glancy Prongay & Murray LLP (“GPM”), a national investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that acquired Energy Transfer LP (“Energy Transfer” or the “Company”) (NYSE: ET ) securities between February 25, 2017 and November 11, 2019, inclusive (the “Class Period”). Energy Transfer investors have until January 21, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.

On November 12, 2019, The Associated Press reported that Energy Transfer’s Mariner East project was under FBI investigation related to permits issued by Pennsylvania.

On this news, the Company’s share price fell $0.81, or nearly 7%, over two consecutive trading sessions to close at $11.16 per share on November 13, 2019, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) Energy Transfer’s permits to conduct the Mariner East pipeline project in Pennsylvania were secured via bribery and/or other improper conduct; (2) the foregoing misconduct increased the risk that Energy Transfer and/or certain of its employees would be subject to government and/or regulatory action; and (3) as a result, Energy Transfer’s public statements were materially false and misleading at all relevant times.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased Energy Transfer securities during the Class Period, you may move the Court no later than January 21, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191125005128/en/

CONTACT: Glancy Prongay & Murray LLP, Los Angeles

Lesley Portnoy, 310-201-9150 or 888-773-9224

www.glancylaw.com

shareholders@glancylaw.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2019.

PUB: 11/25/2019 11:00 AM/DISC: 11/25/2019 11:01 AM

http://www.businesswire.com/news/home/20191125005128/en