Unite with Fellow Investors
Choose the Best Attorney
Follow Case Progress
id: 325, Created by Stan Vick Chase, Scout
21 August 2019Class period End
30 December 2022Claim deadline
John Ford, Trustee of the John Ford Trust v. UGI Corporation, et al.
UGI agreed to pay $10,25 million to settle a securities class action lawsuit accusing the Company of suspected felonies in connection with UGI’s acquisition of AmeriGas.
All persons and entities that purchased or acquired UGI publicly traded common stock pursuant and/or traceable to the Registration Statement issued in connection with UGI’s August 21, 2019 acquisition of AmeriGas Partners L.P. can be eligible for the settlement.
The original complaint alleged that the Registration Statement for the Offering presented highly favorable information about UGI, its operations, and its financial prospects, omitted material information about UGI’s capacity management business and revenue derived therefrom, and misrepresented the mounting risks associated with persisting warmer-than-normal weather patterns and the adverse impact of climate change on UGI’s business.
Further, the complaint alleged that the Registration Statement contained inaccurate statements of material fact because the Company failed to disclose and misrepresented material adverse facts that existed at the time of the Offering.
UGI agreed to settle with investors to avoid further litigation.
John Ford, Trustee of the John Ford Trust
Labaton Sucharow LLP
Court of Common Pleas of Pennsylvania, County of Montgomery
Hon. Steven C. Tolliver, Sr.
A.B. Data Ltd
Court hearing date
30 November 2022
All persons and entities that purchased or acquired UGI publicly traded common stock pursuant and/or traceable to the Registration Statement issued in connection with UGI’s August 21, 2019 acquisition of AmeriGas Partners L.P.
+$10,250,000Total Settlement Amount