Del. Chancery Says ‘Suspicious’ Valuations Tainted Merger

Business Valuation UpdateVol. 18 No. 6
Legal and Court Case Update
June 2012
1311 Crude Petroleum and Natural Gas
211120 Crude Petroleum Extraction 
dissenting shareholder

In re El Paso Corp. Shareholders Litigation
2012 Del. Ch. LEXIS
February 29, 2012
US
State Court
Delaware
Court of Chancery
Goldman Sachs, Morgan Stanley (defendants)
Strine

Summary

Despite a disturbing record of questionable valuations and conflicted financial advisors and principals, the Delaware Chancery Court declines to enjoin the billion-dollar merger of Kinder Morgan with El Paso.

See Also

In re El Paso Corp. Shareholders Litigation

Despite a disturbing record of questionable valuations and conflicted financial advisors and principals, the Delaware Chancery Court declines to enjoin the billion-dollar merger of Kinder Morgan with El Paso.