A California law firm noted for its history of filing class-action lawsuits says it has started an investigation into Williams Partners L.P. to determine if the firm and its officers violated securities laws by issuing misleading information to investors about an agreement for Williams Companies Inc. to purchase all publicly-held Williams Partners common units.
Goldberg Law PC issued a press release about its probe, stating, “However, the investing public did not know that Williams Companies’ management was also in discussion with Energy Transfer Equity L.P. regarding a proposal by the firm to acquire Williams Companies. This arrangement would require Williams Companies to terminate its merger with Williams Partners.”
The law firm’s asking investors to contact the firm and join a class action lawsuit. A spokesman for Williams would not comment. Neither would an attorney with Goldberg Law.
But Goldberg law is known for its class-action filings and this week announced the filing of one against Horizon Pharma plc. The suit said the company failed to disclose that Horizon’s Prescriptions Made Easy program was designed to inflate the value of minor differentiation standard retail drugs. The firm also announced this week it was investigating claims of potential misrepresentations by Santander Consumer USA Holdings Inc. and whether the company and its officers violated securities laws by issuing misleading information to investors….the same claim made about Williams.
