IN RE PLAINS ALL AM. PIPELINE, L.P. SECURITIES

Lead Case No. H:15-02404.

307 F.Supp.3d 583 (2018)

IN RE PLAINS ALL AMERICAN PIPELINE, L.P. SECURITIES LITIGATION.

United States District Court, S.D. Texas, Houston Division.

Entered April 2, 2018.

Editors Note
Applicable Law: 28 U.S.C. § 1331
Cause: 28 U.S.C. § 1331 Fed. Question: Securities Violation
Nature of Suit: 850 Securities / Commodities
Source: PACER


Attorney(s) appearing for the Case

City of Birmingham Firemen's and Policemen's Supplemental Pension System, Plaintiff, represented by Roger Farrell Claxton .

Police and Fire Retirement System of the City of Detroit, Plaintiff, represented by Gerald H. Silk , Bernstein Litowitz Berger & Grossmann LLP, Jake Nachmani , Bernstein Litowitz Berger, Jeremy P. Robinson , Bernstein Litowitz Berger & Grossman LLP, pro hac vice, Thomas Robert Ajamie , Ajamie LLP & Luke O. Brooks , Robbins Geller Rudman Dowd LLP.

IAM National Pension Fund, lead plaintiff, Plaintiff, represented by Angel P. Lau , Ashley M. Price , Robbins Geller Rudman Dowd LLP, pro hac vice, Danielle S. Myers , Robbins Geller Rudman & Dowd LLP, pro hac vice, Darryl J. Alvarado , Robbins Geller Rudman & Dowd LLP, pro hac vice, Jason Anthony Richardson , McDowell Hetherington LLP & Luke O. Brooks , Robbins Geller Rudman Dowd LLP.

City of Warren Police & Fire Retirement System, Plaintiff, represented by Jason Anthony Richardson , McDowell Hetherington LLP & Luke O. Brooks , Robbins Geller Rudman Dowd LLP.

Ming Liu, Plaintiff, represented by Luke O. Brooks , Robbins Geller Rudman Dowd LLP.

Plains All American Pipeline, L.P., Gregory L. Armstrong, Al Swanson & Chris Herbold, Defendants, represented by Craig Eric Zieminski , Vinson Elkins LLP, Jeffrey S. Johnston , Vinson Elkins LLP & Michael C. Holmes , Vinson & Elkins.

Richard McGee, PAA Finance Corp. & PAA GP Holdings LLC, Defendants, represented by Craig Eric Zieminski , Vinson Elkins LLP & Michael C. Holmes , Vinson & Elkins.

BB&T Securities, LLC, BBVA Securities Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., CIBC World Markets Corp., Deutsche Bank Securities Inc., DNB Markets, Inc., Fifth Third Securities, Inc., ING Financial Markets LLC, Ladenburg Thalmann & Co. Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, Oppenheimer & Co. Inc., Piper Jaffray & Co., PNC Capital Markets LLC, Raymond James & Associates, Inc., RBC Capital Markets, LLC, Regions Securities LLC, Robert W. Baird & Co. Inc., Scotia Capital (USA) Inc., SG Americas Securities LLC, Simmons & Company International, SMBC Nikko Securities America, Inc., Stephens Inc., Stifel Nicolaus & Company Inc, SunTrust Robinson Humphrey, Inc, Tudor, Pickering, Holt & Co. Securities, Inc., U.S. Bancorp Investments, Inc. & USCA Securities LLC, Defendants, represented by Tracy N. LeRoy , Sidley Austin LLP & Robin Wechkin , Sidley Austin LLP.

Plains GP Holdings L.P., Harry N. Pefanis, Victor Burk, Everardo Goyanes, Gary L. Petersen, John T. Raymond, Bobby S. Shackouls, Robert V. Sinnott, Vicky Sutil, Taft Symonds & Christopher M. Temple, Consol Defendants, represented by Craig Eric Zieminski , Vinson Elkins LLP, Jeffrey S. Johnston , Vinson Elkins LLP & Michael C. Holmes , Vinson & Elkins.

Barclays Capital Inc. & Citigroup Global Markets Inc., Consol Defendants, represented by Tracy N. LeRoy , Sidley Austin LLP, Mark K. Glasser , Sidley Austin LLP, Matthew J. Dolan , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP & Robin Wechkin , Sidley Austin LLP.

Goldman Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC & Wells Fargo Securities LLC, Consol Defendants, represented by Tracy N. LeRoy , Sidley Austin LLP, Mark K. Glasser , Sidley Austin LLP, Matthew J. Dolan , Sidley Austin LLP, pro hac vice, Norman J. Blears , Sidley Austin LLP, pro hac vice & Robin Wechkin , Sidley Austin LLP.

Inter-Marketing Group USA, Inc., Movant, represented by William B. Federman , Federman Sherwood.

The Pennsylvania State Employees' Retirement System, Movant, represented by Carl E. Singley , Tucker Law Group, Christine Donato Saler , Chimicles & Tikellis LLP, Joe H. Tucker , Tucker Law Group, Roger B. Greenberg , Sponsel Miller Greenberg PLLC, Thane Tyler Sponsel, III , Sponsel Miller Greenberg PLLC, Kimberly M. Donaldson Smith , Chimicles & Tikellis LLP, pro hac vice & Nicholas E. Chimicles , Chimicles & Tikellis LLP, pro hac vice.

Houston Municipal Employees Pension System, Movant, represented by Thomas E. Bilek , The Bilek Law Firm LLP, Jeffrey Haber , Bernstein Liebhard et al, pro hac vice, Joseph R. Seidman, Jr. , Bernstein Liebhard LLP & Stanley D. Bernstein , Bernstein Liebhard, pro hac vice.

Employees' Retirement System of Rhode Island & Employees' Retirement System of the City of Baton Rouge and Parish of East Baton Rouge, Movants, represented by Gerald H. Silk , Bernstein Litowitz Berger & Grossmann LLP & Thomas Robert Ajamie , Ajamie LLP.

Jacksonville Police and Fire Pension Fund, Movant, represented by Jake Nachmani , Bernstein Litowitz Berger, Jeremy P. Robinson , Bernstein Litowitz Berger & Grossman LLP, pro hac vice, Gerald H. Silk , Bernstein Litowitz Berger & Grossmann LLP, Thomas Robert Ajamie , Ajamie LLP & Luke O. Brooks , Robbins Geller Rudman Dowd LLP.

Alfred H. Davis, Movant, represented by Thomas E. Bilek , The Bilek Law Firm LLP.


MEMORANDUM AND OPINION

I. Background

This Memorandum and Opinion addresses the defendants' second motion to dismiss this securities-fraud amended complaint. The complaint arises from a highly publicized oil spill in an environmentally sensitive area on the California coast...

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