Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Atlas Pipeline Partners, L.P. (“Atlas Pipeline”) (NYSE:APL) and Atlas Energy, L.P. (“Atlas Energy”) (NYSE:ATLS) for potential breaches of fiduciary duties in connection with the sale of the companies to Targa Resources for approximately $7.7 billion. Atlas Pipeline unitholders will only receive 0.5846 units of Targa Resources and a one-time cash payment of $1.26 for each unit of Atlas Pipeline they own. Atlas Energy unitholders will only receive $9.12 in cash, 0.1809 of a share of Targa Resources, and a pro-rata share in Atlas Energy’s distributed non-midstream assets for each unit they own.

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The investigation focuses on whether Atlas Board of Directors breached their fiduciary duties to the unitholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the companies to the detriment of the unitholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own units in Atlas Pipeline or Atlas Energy and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/APL or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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