John Ford, Trustee of the John Ford Trust v. UGI Corporation, et al.

UGI agreed to pay $10,25 million to settle a securities class action lawsuit accusing the Company of suspected felonies in connection with UGI’s acquisition of AmeriGas.

All persons and entities that purchased or acquired UGI publicly traded common stock pursuant and/or traceable to the Registration Statement issued in connection with UGI’s August 21, 2019 acquisition of AmeriGas Partners L.P. can be eligible for the settlement.

The original complaint alleged that the Registration Statement for the Offering presented highly favorable information about UGI, its operations, and its financial prospects, omitted material information about UGI’s capacity management business and revenue derived therefrom, and misrepresented the mounting risks associated with persisting warmer-than-normal weather patterns and the adverse impact of climate change on UGI’s business.

Further, the complaint alleged that the Registration Statement contained inaccurate statements of material fact because the Company failed to disclose and misrepresented material adverse facts that existed at the time of the Offering.

UGI agreed to settle with investors to avoid further litigation.