Berger & Montague, P.C. Announces Class Action Lawsuit On Behalf of Shareholders Against Plains All American Pipeline LP.PHILADELPHIA--(BUSINESS WIRE)--Dec. 15, 1999-- Berger & Montague, P.C. (http://home.bm.net) announced that on December 10, 1999, it filed a class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax for violations of the federal securities laws in the United States District Court for the Southern District of Texas The United States District Court for the Southern District of Texas is the Federal district court with jurisdiction over the southern part of Texas and is a part of the Fifth Circuit. The court's headquarters is in Houston, Texas and has six additional offices in the district. against Plains All American Pipeline Plains All American Pipeline (NYSE: PAA) is a publicly traded Master Limited Partnership in the oil pipeline transmission and storage business in the United States. It owns about 37 million barrels (5,900,000 m³) of terminalling and storage capacity and 15,000 miles (25,000 LP (NYSE NYSE See: New York Stock Exchange :PAA) ("Plains" or the "Company") and certain of its officers and directors, on behalf of all persons who purchased Plains common units between November 17, 1998, and November 26, 1999 (the "Class Period"). The Complaint charges that Plains violated sections 11 and 12 of the Securities Act of 1933 and section 10(b) of the Securities Exchange Act of 1934. The Complaint specifically alleges that Plains issued materially false and misleading statements about its business and its internal policies. The securities markets were shocked when the Company announced on November 29, 1999 that it expects to take a $160 million loss as the result of so-called "unauthorized trading" by an employee in its crude oil trading operations. Plains' common stock price plummeted approximately 50% in response to the disclosure of this massive loss. If you purchased Plains common units during the November 17, 1998, through November 26, 1999 time period, you may wish to join the action. You may move the court to serve as a lead plaintiff on or before January 28, 2000. The law firm of Berger & Montague, P.C., has over 50 attorneys, all of whom represent plaintiffs in complex litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . The Berger firm has extensive experience in representing plaintiffs in class action securities litigation and has played lead roles in major cases over the past 25 years which have resulted in recoveries in excess of two billion dollars to investors. The firm is currently representing investors as lead counsel in actions against Waste Management, Inc Waste Management, Inc. (NYSE: WMI) is a waste management, comprehensive waste, and environmental services company in North America. The company's network includes 413 collection operations, 370 transfer stations, 283 active landfill disposal sites, 17 waste-to-energy plants, ., Sunbeam Corp., and numerous other companies. If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, you may call or write to: Sherrie R. Savett, Esq. Karen S. Orman, Esq. Susan Kutcher, Investor Relations Investor relations The process by which the corporation communicates with its investors. Manager Berger & Montague, P.C. 1622 Locust locust, in botany locust, in botany, any species of the genus Robinia, deciduous trees or shrubs of the family Leguminosae (pulse family) native to the United States and Mexico. Street Philadelphia, PA 19103 Phone: 888/891-2289 or 215/875-3000 Fax: 215/875-4604 Website: http://home.bm.net e-mail: InvestorProtect@bm.net Please include a mailing address, telephone number, and e-mail address with all inquiries so that we can send you the relevant information as quickly as possible. |
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