The litigation was said to have resulted in one of the largest shareholder verdicts in Delaware history.
July 03, 2023 at 05:51 PM
5 minute read
Editor / Litigation
Columbia Pipeline shareholders won a class-action complaint in the Delaware Court of Chancery against TC Energy Corp., the Canadian energy giant that acquired the natural gas pipeline company in a merger.
The June 30 judgment by Vice Chancellor J. Travis Laster determined TC Energy enabled disclosure breaches, and held it liable for damages of $1 per share and 50 cents per share.
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Vice Chancellor J. Travis Laster of the Chancery Court of the State of Delaware. Courtesy photo.
