Goldberg Law PC is investigating claims of potential misrepresentations by Williams Partners L.P., according to a press release from the California-based law firm that specializes in securities class action suits and shareholder rights litigation.The investigation focuses on whether Williams Partners and its officers violated securities laws by issuing misleading information to investors, according to the release.

Last spring, Williams announced a deal under which Williams Cos. would purchase all publicly held Williams Partners common units.The May 13 announcement was, according to the release, made without disclosing that Williams Cos. management was also in discussions with Energy Transfer Equity regarding a proposed acquisition that would require Williams Cos. to terminate its merger with Williams Partners.

The law firm is inviting any investors who acquired units of Williams Partners between May 13 and June 19 to contact the firm and join a class action suit.

June 19 was the final day that markets were open before Williams Cos. announced June 21 it had turned down a merger offer from ETE.

Brian Schall, an attorney with Goldberg Law, said that at this time the firm has a “no-comment policy” on the investigation.

A spokesman for Williams said that it is the company’s policy not to discuss litigation.

A class action from Goldberg wouldn’t be the first.

On March 7, Michael Erber filed a class action lawsuit U.S. District Court for the Northern District of Oklahoma with Williams Cos., Williams Partners, Williams Partners GP LLC, Williams CEO Alan Armstrong and Williams CFO Don Chappel listed as defendants.

Erber alleges that during the period May 13 and June 19 he and other members of the class action suit were duped into purchasing common units of Williams Partners at artificially inflated prices by material misrepresentations related to the agreement that was later forged between Williams Cos. and ETE.

In January, John Bumgarner filed a class action complaint in the Northern District Court of Oklahoma against Williams Cos. and ETE alleging that material misrepresentations and omissions from the defendants warrant the issuance of a preliminary and a permanent injunction on the merger.

Williams Cos. and ETE filed a motion to dismiss Bumgarner’s suit on Feb. 19. Bumgarner’s response to that motion is due by March 21.

Please continue reading more details at source (paywall) link below.