January 30, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Copano Energy, L.L.C. (“Copano” or the “Company”) (NASDAQ: CPNO) breached its fiduciary duty to its unitholders in agreeing to sell Copano to Kinder Morgan Energy Partners, L.P. (NYSE: KMP).
Under the terms of the agreement, Copano unitholders will receive .4563 KMP units per Copano unit they own. The investigation is focused on the potential unfairness of the price to Copano shareholders and the process by which the Copano Board of Directors considered and approved the transaction.
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 ten years.