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ET.US
id: 1625

Energy Transfer ($ET) Investor Settlement

Late claims are being considered for compensation, subject to approval.
$15,000,000
Cash Settlement
E.D. Pennsylvania
Court
2:20-cv-00200
Case number
02/25/2017
Class period Start
02/07/2020
Class period End
11/28/2025
Claim deadline
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.
Case Type
US Securities Class Action
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements, 
Financial Misrepresentation, 
Fraud, 
Failure to Disclose
Suspected Party
Directors, 
Management
Security Type
Unit (ETF, ETN, Unit)
Trade Direction
Long
Payout per Share
0.018
Filing date
01/10/2020
Plaintiffs
Allegheny County Employees’ Retirement System
Attorneys
Bernstein Litowitz Berger & Grossmann LLP ; The Weiser Law Firm, P.C.
Defendants
Kelcy L. Warren; John W. McReynolds; Thomas E. Long
Judge
Gerald A. McHugh
Administrator
JND Legal Administration
Court hearing date
10/07/2025
Exclusion deadline
09/16/2025
Objection deadline
09/16/2025
Attorney fee
$4,400,000
Trades matching type
FIFO

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