SOURCE: Saxena White P.A.

August 20, 2015 17:25 ET

Saxena White P.A. Files Securities Fraud Class Action Against Plains All American Pipeline, L.P.

BOCA RATON, FL--(Marketwired - Aug 20, 2015) - Saxena White P.A. has filed a securities fraud class action lawsuit in the United States District Court for the Southern District of Texas against Plains All American Pipeline, L.P. ("Plains" or the "Company") (NYSE: PAA) on behalf of investors who purchased or otherwise acquired the common units of the Company during the period from February 27, 2013 through August 4, 2015 (the "Class Period).

The Complaint brings forth claims for violations of the Securities Exchange Act of 1934. The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges that Plains issued false and misleading statements concerning the Company's pipeline monitoring, maintenance and spill response measures, as well as its compliance with federal regulations governing its pipeline operations.

You may obtain a copy of the Complaint and join the class action at www.saxenawhite.com.

If you purchased Plains common units between February 27, 2013 and August 4, 2015, inclusive, you may contact Lester Hooker (lhooker@saxenawhite.com) at Saxena White P.A. to discuss your rights and interests.

If you purchased Plains common units during the Class Period of February 27, 2013 through August 4, 2015, and wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the Court no later than October 16, 2015. You may contact Saxena White P.A. to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. Please note that you may also retain counsel of your choice and need not take any action at this time to be a class member.

Saxena White P.A., located in Boca Raton, specializes in prosecuting securities fraud and complex class actions on behalf of institutions and individuals. Currently serving as lead counsel in numerous securities fraud class actions nationwide, the firm has recovered hundreds of millions of dollars on behalf of injured investors and is active in major litigation pending in federal and state courts throughout the United States.

Contact Information