IMPORTANT WILLIAMS PARTNERS L.P. UNITHOLDERS ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been commenced on behalf of common unitholders of Williams Partners L.P. -- WPZ

NEW YORK, March 17, 2016 -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in United States District Court for the Northern District of Oklahoma on behalf of all persons or entities who purchased common units of Williams Partners L.P. (“Williams Partners” or the “Company”) (NYSE:WPZ) from May 13, 2015 through June 19, 2015, inclusive (the “Class Period”). 

Shareholders who incurred losses on Williams Partners L.P. common units purchased within the defined class period are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774.

If you purchased units, you may, no later than May 6, 2016, request that the Court appoint you lead plaintiff of the proposed class.

Williams Partners L.P. is a limited partnership providing infrastructure for North American natural gas and natural gas products.  Williams Partners is controlled by Williams Companies, Inc. (“Williams Companies”) through its general partner Williams Partners GP.  All of Williams Companies’ senior officers are also senior officers of Williams Partners GP and the two entities also share six common directors.

On May 13, 2015, Williams Partners and Williams Companies announced that Williams Companies would acquire all publicly held common units of Williams Partners.  On the news of the proposed merger, Williams Partners units rose more than 22%.

However, the investing public was unaware that Williams Companies' management was also in discussions with Energy Transfer Equity L.P. (“ETE”) regarding a proposal by the firm to acquire Williams Companies. This arrangement would require Williams Companies to terminate its merger with Williams Partners.

On June 22, 2015, ETE announced the specifics of its discussions with Williams Companies, including the merger-termination requirement.  On this news, Williams Partners units fell $4.04, or 7.6%, to close at $49.10 on June 22, 2015.

The Complaint alleges that Williams Partners made materially false and misleading statements to investors and/or failed to disclose that (i) Williams Companies was considering alternate strategic transactions, specifically ETE’s proposal to acquire the Williams Companies, that could prevent Williams Companies from completing the Williams Partners and Williams Companies merger; and (ii) as a result, the Company's common units traded at an artificially inflated level throughout the Class Period.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.  All e-mail correspondence should make reference to the “Williams Partners Investigation.”

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP 
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774