Scott+Scott, Attorneys at Law, LLP (Scott+Scott), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into Plains All American Pipeline, L.P. (PAA) to determine whether PAA’s Officers and Directors have breached their fiduciary duties owed to PAA and its shareholders.
If you are a PAA shareholder, you are encouraged to contact Scott+Scott for additional information.
Plains All American
PAA engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products. PAA is one of the largest crude oil and other liquid energy pipeline operators in the United States.
On 19 May 2015, Line 901 – a PAA pipeline that spans approximately 10.6 miles in Santa Barbara County, California – had ruptured, triggering a spill that impacted several miles of some of the most environmentally sensitive and protected coastline in North America.
On 21 May 2015, the Pipeline and Hazardous Materials Safety Administration, the federal agency that oversees the vast majority of PAA’s pipelines, issued a Corrective Action Order requiring PAA to take corrective actions with respect to Line 901 in order to protect the public, property, and the environment from potential hazards arising from the spill.
Finally, on 5 August 2015, PAA further disclosed that both the US Department of Justice and the California Attorney General were investigating the spill and that PAA could be liable for potential criminal violations of the Clean Water Act.
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/28102015/scott-scott-announces-investigation-of-plains-all-american/