The Law Office of Robbins Arroyo LLP Announces Class Action Lawsuit Against
Copano Energy, L.L.C.
SAN DIEGO, March 18, 2013
SAN DIEGO, March 18, 2013 /PRNewswire/ --Shareholder rights attorneys at
Robbins Arroyo LLP announce that the firm commenced a class action lawsuit
with Robbins Geller Rudman & Dowd LLP on February 28, 2013, in the U.S.
District Court, Southern District of Texas, Houston Division, on behalf of the
unitholders of Copano Energy, L.L.C. ("Copano") (NASDAQ: CPNO) against Copano
and its board of directors for, among other things, violations of sections
14(a) and 20(a) of the Securities and Exchange Act of 1934 (the "Exchange
Act") in connection with the proposed acquisition of Copano by Kinder Morgan
Energy Partners, L.P. ("Kinder Morgan").
The complaint arises out of a January 29, 2013 press release announcing that
Copano had entered into a definitive merger agreement with Kinder Morgan,
pursuant to which Copano unitholders would receive .4563 Kinder Morgan units
for each unit of Copano they own (the "Proposed Transaction").
The complaint alleges that certain of the defendants, in connection with the
Proposed Transaction, breached or aided and abetted the other defendants'
breaches of their fiduciary duties of loyalty and due care owed to Copano
unitholders. The complaint further alleges that, in an attempt to secure
unitholder approval of the Proposed Transaction, the defendants filed a
materially false and misleading Registration Statement on Form S-4 with the
U.S. Securities and Exchange Commission in violation of sections 14(a) and
20(a) of the Exchange Act. The omitted and/or misrepresented information is
believed to be material to Copano unitholders' ability to make an informed
decision whether or not to approve the Proposed Transaction.
The complaint seeks injunctive relief on behalf of the named plaintiff and all
other similarly situated unitholders of Copano as of January 29, 2013 (the
"Class"). The plaintiff is represented by Robbins Arroyo LLP.
If you wish to serve as lead plaintiff, you must move the Court no later than
sixty days from March 18, 2013. If you wish to discuss this action or have
any questions concerning this notice or your rights or interests, please
contact attorney Darnell R. Donahue of Robbins Arroyo LLP at 800-350-6003, via
the shareholder information form on our website, or by e-mail at
firstname.lastname@example.org. Any member of the Class may move the Court to serve
as lead plaintiff through counsel of their choice, or may choose to do nothing
and remain an absent Class member.
Robbins Arroyo LLP, a nationally recognized leader in the area of shareholder
rights litigation, represents individual and institutional investors in
securities class action lawsuits and shareholder derivative actions. Robbins
Arroyo LLP has helped its clients realize more than $1 billion of value for
themselves and the companies in which they have invested. Past results do not
guarantee similar outcomes. For more information about the firm, please go to
Press release link:
Darnell R. Donahue
Robbins Arroyo LLP
(619) 525-3990 or Toll Free (800) 350-6003
SOURCE Robbins Arroyo LLP
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