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Energy Transfer Equity (ETE) Stock Falls, Government Halts Dakota Pipeline Construction

Updated from 3:30 p.m. EDT

NEW YORK (TheStreet) -- Shares of Energy Transfer Equity (ETE) closed down in Friday's trading session after the U.S. government said it would halt construction on the company's 1,172-mile crude oil pipeline in North Dakota less than an hour after a federal judge decided construction could continue.

The Department of Justice has asked that work on the pipeline pause until the Army Corps of Engineers decides whether to allow construction around Lake Oahe, which is near the border of North and South Dakota, Bloomberg reports.

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