Articles

Results 1 to 5 of 78


Delaware Supreme Court Applies “Entire Fairness” to An MLP Conflict Transaction and A Lower Bar to “Bad Faith” Claims—But Decision Is Likely to Have Limited Impact— Brinckerhoff v. Enbridge Energy

USA - April 5 2017 In Brinckerhoff v. Enbridge Energy, the Delaware Supreme Court (March 20, 2017) reversed the Court of Chancery's dismissal of an MLP investor's…

Steven Epstein, David J. Greenwald, Arthur Fleischer Jr., Scott B. Luftglass, Philip Richter, Robert C. Schwenkel, Peter L. Simmons, Gail Weinstein, Warren S. de Wied

Court of Chancery Confirms Directors’ Self-Interest Does Not Exclude “Cleansing” Under Corwin—And Disclosure Is Sufficient If Stockholders Can “Stitch Together the Facts” to Infer Self-Interest—Columbia Pipeline

USA - March 17 2017 In Columbia Pipeline Group, Inc. Stockholder Litigation (March 7, 2017), Vice Chancellor Laster granted the defendants' motion to dismiss a putative…

Steven Epstein, David J. Greenwald, Arthur Fleischer Jr., Scott B. Luftglass, Philip Richter, Robert C. Schwenkel, Peter L. Simmons, Gail Weinstein, Warren S. de Wied

Reaffirmation That Stockholder Vote Will Cleanse Non-Conflicted Controller Transactions and Even Those Transactions Approved By Boards That Allegedly Were Not Independent and Disinterested—Merge Healthcare

USA - March 8 2017 Merge Healthcare Inc. Stockholders Litigation (Jan. 30, 2017) is the most recent decision reflecting an expansive interpretation by the Court of…

Steven Epstein, David J. Greenwald, Arthur Fleischer Jr., Scott B. Luftglass, Philip Richter, Robert C. Schwenkel, Peter L. Simmons, Gail Weinstein, Warren S. de Wied

Importance of Careful Compliance by General Partner with MLP Requirements—ETE

USA - March 7 2017 In Energy Transfer Equity L.P. Unitholder Litigation (Mar. 1, 2017), the Court of Chancery denied the parties’ cross-motions for summary judgment, and…

Steven Epstein, David J. Greenwald, Arthur Fleischer Jr., Scott B. Luftglass, Philip Richter, Robert C. Schwenkel, Peter L. Simmons, Gail Weinstein, Warren S. de Wied

In Gordon v. Verizon, New York Appellate Division Shows Greater Receptivity to Non-Monetary Settlements than Delaware Courts Have Shown Since Trulia

USA - February 16 2017 In Gordon v. Verizon Communications (Feb. 2, 2017), the New York Appellate Division (First Department) reversed the New York Supreme Court's rejection…

Steven Epstein, David J. Greenwald, Arthur Fleischer Jr., Scott B. Luftglass, Philip Richter, Robert C. Schwenkel, Peter L. Simmons, Gail Weinstein, Warren S. de Wied