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UGI.US
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Court of Common Pleas of Pennsylvania
Court
21 Aug 2019
Class period End
30 Dec 2022
Claim 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.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
John Ford, Trustee of the John Ford Trust
Attorneys
Labaton Sucharow LLP
Judge
Hon. Steven C. Tolliver, Sr.
Administrator
A.B. Data Ltd
Court hearing date
30 November 2022
Settlement conditions
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.
+$10,250,000
Total Settlement Amount
Created by Stan Vick, Scout

UGI Corporation

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates thr...

    Ticker
    UGI.US
    ISIN
    US9026811052
    CIK
    884614
    Sector
    Utilities
    Industry
    Utilities - Regulated Gas
    Country
    USA
    Address
    500 North Gulph Road, King of Prussia, PA, United States, 19406