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PAA NATURAL GAS STORAGE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates PAA Natural Gas Storage, L.P. Following Announcement of Proposed Buyout of Company by Plains All American Pipeline, L.P.
NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") announce that KSF has commenced an investigation into the Board of Directors of PAA Natural Gas Storage, L.P. ("PNG" or the "Company") (NYS: PNG) in connection with their conduct related to the proposed buyout of the Company by Plains All American Pipeline, L.P. (NYS: PAA) . Under the terms of the proposed transaction, shareholders of PNG would receive 0.435 common units of Plains All American Pipeline, L.P. for each share of PNG common stock that they own.
KSF's investigation is focusing on the Board's process for considering the proposed transaction; whether PNG and/or its officers and directors are working in shareholders' best interests; and whether the proposed consideration is adequate, fair, and consistent with the fair or inherent value of PNG.
If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (email@example.com) or attorney Michael Palestina (firstname.lastname@example.org) toll free at 855-768-1857 or via cell phone any time at 504-236-7315.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on transactional litigation, as well as securities class action and shareholder derivative litigation. With offices in New York and Louisiana, KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Michael Palestina, Esq., 855-768-1857
or after hours via cell phone 504-236-7315
KEYWORDS: United States North America Louisiana
The article PAA NATURAL GAS STORAGE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates PAA Natural Gas Storage, L.P. Following Announcement of Proposed Buyout of Company by Plains All American Pipeline, L.P. originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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