GPM Announces Investigation on Behalf of Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. Investors

LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray LLP ("GPM") announces that it is investigating potential claims on behalf of investors of Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. ("PAA" or the "Company") PAA PAGP. The investigation concerns whether the Company violated federal securities laws by issuing materially misleading information regarding its operations and safety standards. Investors that have suffered over $100,000 in damages following the recent PAA securities price decline are encouraged to GPM to discuss their legal rights.

The investigation concerns whether the Company failed to disclose the lack of safety and compliance measures in the Company's pipeline operations; while PAA executives characterized its Line 901 pipeline off the coast of Santa Barbara, California as "state of the art," with an oil spill qualified as "extremely unlikely."

On May 19, 2015, Line 901 ruptured, causing a spill that damaged miles of environmentally sensitive and protected coastline in Santa Barbara, California. The Company downplayed the impact of the spill to investors, however the truth was that the spill's impact was far greater than PAA communicated to investors.

The truth was fully revealed on August 5, 2015, when defendants announced that the Line 901 spill was much greater than initially estimated and that the U.S. Department of Justice had initiated a criminal investigation. In response to disclosures concerning the spill and the truth about the Company's operations, the price of PAA securities have declined sharply in value.

If you purchased PAA securities, have information or would like to learn more about these claims including whether you qualify to serve as a class representative, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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