Energy Transfer Averts Trial With $15 Million Investor Accord

Energy Transfer LP has agreed to a $15 million settlement with investors, avoiding a trial on claims the gas distribution company misrepresented a planned pipeline’s capacity, according to a federal court filing.

The class settlement warrants preliminary approval, the investors told Judge Gerald A. McHugh of the US District Court for the Eastern District of Pennsylvania on June 13. After the parties had a successful mediation session in April, McHugh scratched the anticipated May 28 start date for the trial.

• The trial was expected to focus on statements that led up to an alleged partial corrective disclosure in 2018 about ...