Energy Transfer Faces Another Suit In Mariner East Fallout
Law360 (January 13, 2020, 7:59 PM EST) -- A government employees' retirement fund has become the latest entity to claim it lost money when allegations became public that Energy Transfer LP coerced Pennsylvania state employees for a permit for its nearly $3 billion Mariner East natural gas pipeline system.
Allegheny County Employees' Retirement System filed a putative shareholder class action Friday, accusing Energy Transfer of violating the Securities Exchange Act in federal court by allegedly using “illicit means” to pressure public officials to approve a key permit for the pipeline system despite stating in public filings that it was acting lawfully.
When the Associated Press reported in November that...
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