The Delaware Court of Chancery has scuttled a stockholder class action challenging an energy infrastructure company's reorganization of its publicly traded master limited partnership and limited liability companies in order to stave off financial collapse.
August 26, 2015 at 10:40 AM
1 minute read
The Delaware Court of Chancery has scuttled a stockholder class action challenging an energy infrastructure company’s reorganization of its publicly traded master limited partnership and limited liability companies in order to stave off financial collapse.
In In re Kinder Morgan Corporate Reorganization Litigation, Vice Chancellor J. Travis Laster noted the merger resolved the concern that the energy firm was a “house of cards” and granted the motion to dismiss.
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