Alyssa Gerace Frank, left, and Michael P. Maxwell, right, of Potter Anderson & Corroon. Courtesy photos Delaware Supreme Court Delivers Resounding Reversal of Chancery Court Ruling in 'Boardwalk Pipeline Partners'
'Twas the week before Christmas, and the Delaware Supreme Court delivered an early present to Loews Corp.: a resounding reversal of a 2021 Delaware Court of Chancery ruling excoriating the entire process through which Boardwalk Pipeline Partners' general partner took the company private and awarding the plaintiff investors with nearly $700 million in damages, plus interest.
February 01, 2023 at 09:00 AM
10 minute read
Contributors
'Twas the week before Christmas, and the Delaware Supreme Court delivered an early present to Loews Corp.: a resounding reversal of a 2021 Delaware Court of Chancery ruling excoriating the entire process through which Boardwalk Pipeline Partners' general partner took the company private and awarding the plaintiff investors with nearly $700 million in damages, plus interest. The decision, Boardwalk Pipeline Partners v. Bandera Master Fund, 2022 WL 17750348 (Del. Dec. 19, 2022), can be accessed here.
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