January 29, 2015
Bernstein Liebhard LLP is investigating whether the Board of Directors of Regency Energy Partners LP (“Regency” or the “Company”) (NYSE: RGP) breached its fiduciary duty to its unitholders in agreeing to sell Regency to Energy Transfer Partners, L.P. (NYSE: ETP).
Under the terms of the agreement, Regency unitholders will receive 0.4066 ETP common units and a cash payment of $0.32 for each common unit of Regency they own. The investigation is focused on the potential unfairness of the price to Regency unitholders and the process by which the Regency 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 twelve years.