SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

April 05, 2016 15:04 ET

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Williams Partners L.P. to Contact the Firm Before Lead Plaintiff Deadline

NEW YORK, NY--(Marketwired - April 05, 2016) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Williams Partners L.P. ("Williams" or the "Company") (NYSE: WPZ) of the May 6, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Northern District of Oklahoma on behalf of all those who purchased Williams securities between May 13, 2015 and June 19, 2015 (the "Class Period"). The case, Erber v. Williams Companies, Inc., The et al, No. 4:16-cv-00131 was filed on March 7, 2015, and has been assigned to Judge James H. Payne and Magistrate Judge Frank H. McCarthy.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company's parent, Williams Companies, Inc., was considering alternative strategic dealings with Energy Transfer Equity L.P that would require Williams Companies, Inc. to terminate its previously, publicly announced merger dealings with the Company.

Specifically, on May 13, 2015, the Company made public an agreement according to which its parent, Williams Companies, Inc., would purchase all publicly-held Williams common units. However, on June 22, 2015, Energy Transfer Equity L.P. publicly disclosed the details of its months-long pursuit of Williams Companies, Inc., along with the merger-termination requirement between Williams Companies, Inc. and the Company.

After the announcement, Williams's share price fell from a closing price of $53.14 per share on June 19, 2015 to a closing price of $49.10 per share on June 22, 2015 -- a $4.04 or a 7.6% drop.

Request more information now by clicking here: www.faruqilaw.com/WPZ. There is no cost or obligation to you.

Take Action

If you invested in Williams securities May 13, 2015 and June 19, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/WPZ. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Williams' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. 

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    685 Third Avenue, 26th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330