M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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.



Delaware, Investment Banks, Litigation | Permalink

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