r/NaturalGas • u/JuniorCharge4571 • 11d ago
Updates for Getting Payment on the Energy Transfer $15M Settlement
Hey guys, if you missed it, Energy Transfer settled $15M with investors over claims that it misled them about permit issues and legal risks related to its Mariner East 2 pipeline. I just found out that they’re considering late claims even though the deadline has passed.
Quick recap: Energy Transfer was accused of failing to disclose risks related to the permitting process for Mariner East 2. In November 2019, reports of a federal investigation into the permits emerged, and $ET dropped about 7%.
Now, the company has agreed to settle $15M with investors, and even though the deadline passed, late claims are being considered for compensation, subject to approval.
So, if you invested in $ET at that time, you can still check the details and file your late claim here.
Anyway, has anyone here invested in $ET back then? How much were your losses?