In re El Paso Pipeline Partners, L.P. Derivative Litig.

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April 20, 2015

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4922 Natural Gas Transmission
486210 Pipeline Transportation of Natural Gas
economic damages & lost profits
damages, expert testimony, weighted average cost of capital (WACC), cash flow, discounted cash flow (DCF), multiple, overpayment, terminal value, fairness opinion, earnings before interest, taxes, depreciation, amortization (EBITDA), precedent transactions analysis
In re El Paso Pipeline Partners, L.P. Derivative Litig.
2015 Del. Ch. LEXIS 116
US
State Court
Delaware
Court of Chancery
Dr. Zachary Nye (plaintiffs); Tudor, Pickering, Holt & Co. (fairness opinions/parent)
Laster

Summary

Chancery says “dropdown” of assets from parent to master limited partnership resulted in overpayment; transaction was enabled by financial advisor that took orders from parent regardless of whether opinion “made sense as a matter of valuation theory.”
In re El Paso Pipeline Partners, L.P. Derivative Litigation
PDF, Size: 436 KB

See Also

Financial Advisor’s ‘Real Client Was the Deal,’ Says Chancery

Legal and Court Case Update
July 2015

Chancery says “dropdown” of assets from parent to master limited partnership resulted in overpayment; transaction was enabled by financial advisor that took orders from parent regardless of whether opinion “made sense as a matter of valuation theory.”

This article also appears in:
The Comprehensive Guide to Economic Damages, Seventh Edition