Vice Chancellor J. Travis Laster of the Chancery Court of the State of Delaware. Courtesy photo Pipeline Company Found Liable for $690M Contract Breach Involving 2018 Acquisition
Boardwalk's share prices initially experienced a bump, but when analysts announced an acquisition by Loews would likely lead to a decreased value based on a pricing formula, they fell again, angering plaintiffs.
November 12, 2021 at 05:29 PM
4 minute read
Delaware Court of Chancery Vice Chancellor J. Travis Laster has leveled a nearly $690 million decision against a pipeline holding company Friday, finding unitholders were shortchanged when the proper channels weren't followed in executing a 2018 acquisition.
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