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").
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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
info@robbinsarroyo.com. 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
http://www.robbinsarroyo.com.
Press release link:
http://www.robbinsarroyo.com/shareholders-rights-blog/copano-energy/
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
SOURCE Robbins Arroyo LLP