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Mealey's Securities/D&O Liability - Fund Moves To Appoint Lead Plaintiff In Fracking Securities Fraud Class Action

PHILADELPHIA - The Allegheny County Employees' Retirement System (AERS) on Jan. 21 moved in a Pennsylvania federal court for the Public Employees Retirement Association of New Mexico to be appointed as lead plaintiff in a class action against a hydraulic fracturing pipeline company, the executives of which the plaintiffs say committed securities fraud and coerced a Pennsylvania agency to get approval for the Mariner East 2 pipeline (Allegheny County Employees' Retirement System v. Energy Transfer LP, et al., No. 20-200, E.D. Pa.).
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