A Delaware Court of Chancery judge on Monday refused Energy Transfer Equity’s bid for a second chance at claiming a nearly $1.5 billion break-up fee stemming from the pipeline company’s failed merger with The Williams Cos. Inc.

In December, Vice Chancellor Sam Glasscock III rejected ETE’s ”unlikely position” that it was entitled to liquidated damages after successfully petitioning the court in 2016 to walk away from the deal, once valued at $33 million, over a tax issue. Dallas-based ETE later moved for reargument, saying the Williams board had quietly tried to sabotage the deal and then worked to make sure that it was never consummated.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]