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Bernstein Liebhard LLP Announces Investigation of Southern Union Company

^{Published on 2011-06-16 08:50:47 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Bernstein Liebhard LLP is investigating whether the Board of Directors of Southern Union Company (aSouthern Uniona or the aCompanya) (NYSE:SUG) breached its fiduciary duty to its shareholders in agreeing to sell Southern Union to Energy Transfer Equity, L.P. (aETEa).

Under the terms of the agreement, Southern Union shareholders will exchange their common shares for newly issued Series B Units of ETE with a value of $33.00 per share. The investigation is focused on the potential unfairness of the price to Southern Union shareholders and the process by which the Southern Union Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as a Southern Union shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or [ Ottensoser@bernlieb.com ].

Bernstein Liebhard has pursued hundreds of securities, [ consumer ] and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journala™s aPlaintiffsa™ Hot Lista in each of the last eight years.

ATTORNEY ADVERTISING. © 2011 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 Mary U. Hoover. Prior results do not guarantee or predict a similar outcome with respect to any future matter.