NEW YORK, Oct. 22, 2013 /PRNewswire/ -- Bernstein Liebhard
LLP is investigating whether the Board of Directors of PAA Natural
Gas Storage, L.P. ("PNG" or the "Company") (NYSE: PNG) breached its
fiduciary duty to its unitholders in agreeing to sell PNG to Plains
All American Pipeline, L.P. ("PAA").
(Logo:
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Under the terms of the agreement, PNG's public unitholders will
receive 0.445 common units of PAA per PNG common unit surrendered,
plus cash in lieu of any fractional common units of PAA. The
investigation is focused on the potential unfairness of the price
to PNG shareholders and the process by which the PNG Board of
Directors considered and approved the transaction.
If you are interested in discussing your rights as a PNG
stockholder, with no obligation or cost to you, please contact
U. Seth Ottensoser at:
(877) 779-1414
or
Ottensoser@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities,
consumer and shareholder rights cases and recovered over
$3 billion for its clients. It
has been named to The National Law Journal's "Plaintiffs'
Hot List" in each of the last eleven years.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2013 Bernstein Liebhard LLP. The
law firm responsible for this advertisement is Bernstein Liebhard
LLP, 10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for
this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
SOURCE Bernstein Liebhard LLP