Judge: Fraud Claims Against Pipeline Company Valid, But Some Defendants Dismissed

Mealey's (April 7, 2021, 2:05 PM EDT) -- PHILADELPHIA — A federal judge in Pennsylvania on April 6 dismissed some defendants in a securities fraud class action against a hydraulic fracturing pipeline company, ruling that three of the company’s board members were not liable for alleged misstatements and possible coercion connected to the approval of the Mariner East 2 pipeline.  However, the judge also held that the plaintiffs had sufficiently pleaded that other defendants “recklessly or knowingly misrepresented multiple facets of the pipeline construction, to the detriment of investors.”...