- Our firm, together with Weil, Gotshal & Manges LLP, successfully represented affiliates of Kinder Morgan, Inc. in an appeal from a post-trial decision by the Court of Chancery that held the defendant liable to unaffiliated master limited partnership investors for $171 million. On appeal, the Delaware Supreme Court held that the claims were owned by the partnership entity, and that as a result the plaintiff had lost standing following the partnership’s acquisition by Kinder Morgan. Accordingly, the Supreme Court reversed the $171 million judgment in its entirety.
- In Corwin v. KKR Financial Holdings LLC, No. 629, 2014 (Del. 2015), the firm, together with Wachtell, Lipton, Rosen & Katz, represented KKR Financial Holdings LLC and its directors in obtaining dismissal of stockholder litigation challenging an approximately $2.6 billion merger with KKR & Co. LP. The Delaware Supreme Court upheld the dismissal on appeal.