Allen v. El Paso Pipeline GP Co., L.L.C., DeFAX Case No. D66355 (Del. Ch. June 20, 2014) Laster, V.C. (45 pages).
In dispute arising from corporation's purchase of interest in company from general partner's parent company, plaintiffs failed to establish 1) claims for breach of express terms of LP agreement and implied covenant of good faith and fair dealing and 2) claims for aiding and abetting, where plaintiffs offered no evidence to show defendants lacked subjective good faith in the transaction and where defendants' actions were in accord with the contractual standard established by the LP agreement. Defendants' motion for summary judgment was granted.
|July 02, 2014
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