Thieler Law Corp advises investors with losses exceeding $100,000 of the October 16, 2015 lead plaintiff deadline in a class action lawsuit filed against Plains All American Pipeline LP (NYSE: PAA) (“Plains All American” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Plains All American securities between February 27, 2013 and August 4, 2015, have until October 16, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Plains All American securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Plains All American Pipeline LP issued false and misleading statements concerning the Company's pipeline monitoring, maintenance and spill response measures, as well as its compliance with federal regulations governing its pipeline operations.

On May 19, 2015, Plains All American‘s Line 901 ruptured but was dismissed to be a small spill according to the Company’s executives. The spill was estimated to be about 2,400 barrels and that it was released into the Pacific coastline.  Then, on August 5, 2015, Plains All American and Plains GP Holdings announced the spill was much greater than first estimated, and that the U.S. Department of Justice had initiated a criminal investigation into the spill.

After the release of this news, NYSE: PAA stock declined from a closing price of $49.59 per share on May 19, 2015, to a closing price of $35.95 on August 5, 2015. That is a drop of$13.64 or 27.5%.  In relation, Plains GP Holdings’ Class A shares’ price declined from $24.38 per share on August 4, 2015, to a closing price of $18.73 on August 5, 2015. That is a drop of $5.65 or 23.2%.

If you were negatively impacted by your investment in Plains All American securities between February 27, 2013 and August 4, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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