Energy Transfer ($ET) Investor Settlement
Energy Transfer has reached a settlement with $ET investors over claims of permit issues and misleading statements about legal risks.
Outline:
Energy Transfer developed the Mariner East 2 pipeline to transport natural gas liquids across Pennsylvania. Investors later alleged the company failed to disclose risks related to the permitting process for the project. In 2019, reports of a federal investigation into the permit approvals contributed to a decline in the stock price. Investors filed suit and Energy Transfer later agreed to a settlement.
Timeline:
February 13, 2017: Energy Transfer received environmental permits for the Mariner East 2 pipeline.
December 2018: The Mariner East 2 pipeline began operations.
November 12, 2019: A news report described a federal investigation into the pipeline’s permitting process.
November 13, 2019: $ET declined about 6.77% following the report.
January 10, 2020: Investors filed a securities class action lawsuit.
June 2025: Energy Transfer reached a settlement to resolve the claims.
Background:
Energy Transfer is a U.S. energy infrastructure company that operates pipelines and related facilities for the transportation of natural gas and natural gas liquids. One of its major projects was the Mariner East 2 pipeline, designed to move natural gas liquids across Pennsylvania.
The company obtained environmental permits for the project in early 2017 and later began operations in December 2018. Energy Transfer publicly stated that it had obtained the necessary approvals and was complying with regulatory requirements.
In November 2019, reports emerged that federal authorities were investigating aspects of the permitting process related to the pipeline. The news raised questions about the circumstances surrounding the approval of the project.
Following the reports and the decline in the company’s stock price, investors filed a securities class action alleging that Energy Transfer had not fully disclosed the regulatory risks associated with the pipeline permits.
What Can Investors Expect Now?
Energy Transfer agreed to a settlement with $ET investors to resolve claims that it misled them about legal and regulatory risks related to permits for the Mariner East 2 pipeline.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Frequently Asked Questions
All persons and entities who purchased or otherwise acquired Energy Transfer common units between February 25, 2017 and February 7, 2020, inclusive, and were damaged thereby.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
The final payout amount depends on your specific trades and the number of investors participating in the settlement.
If 100% of investors file their claims - the average payout will be $0.018 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.072 per share.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.