Investigation Overview
December 3, 2013 (Shareholders Foundation) - An investigation on behalf of investors in Kinder Morgan Energy Partners LP (NYSE:KMP) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Kinder Morgan Energy Partners LP.
The investigation by a law firm concerns whether certain Kinder Morgan Energy Partners officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Kinder Morgan Energy Partners LP reported that its annual Total Revenue increased from over $7.88 billion in 2011 to over $8.64 billion in 2012 and that its respective Net Income rose from over $1.25 billion to over $1.33 billion.
Shares of Kinder Morgan Energy Partners LP (NYSE:KMP) closed on November 29, 2013, at $81.97 per share.