Spectra Energy Partners, LP (NYSE:SEP) Investor Investigation Concerning Possible Breaches Of Fiduciary Duties Announced

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Company Name(s): 
Spectra Energy Partners

December 03, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Spectra Energy Partners, LP (NYSE:SEP) was announced over potential breaches of fiduciary duties by certain officers and directors at Spectra Energy Partners.

The investigation by a law firm concerns whether certain Spectra Energy Partners officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Spectra Energy Partners, LP reported that its annual Total Revenue rose from over $1.74 billion in 2011 to over $2.26 billion in 2014 and that its respective Net Income increased from $570 million to over $1 billion.

Shares of Spectra Energy Partners, LP (NYSE:SEP) declined from as high as $57.97 per share in late December 2014 to as low as $39.04 per share in September 2015.