M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

A Member of the Law Professor Blogs Network

Monday, December 3, 2012

Kinder Morgan settlement

The Chancery Court approved a settlement in the El Paso case.  Here's the El Paso Settlement.  Something I thought was interesting - the transaction attracted 22 lawsuits - 13 in Delaware, 8 in Texas, and one in New York.   That's quite a crowd.  Then again, the facts in the case were the type that made it an attractive target for litigation.  In the settlement, El Paso will pay $110 to the class fund and Goldman will give up its $20 million fee.  Plaintiff counsel received $26 million in fees to split amongst all the counsel.

-bjmq

http://lawprofessors.typepad.com/mergers/2012/12/kinder-morgan-settlement.html

Delaware, Investment Banks, Litigation | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef017c343ef092970b

Listed below are links to weblogs that reference Kinder Morgan settlement:

Comments

Post a comment