- 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.
- Our firm, together with Weil, Gotshal & Manges LLP, successfully represented Lender Processing Services, Inc. in an appraisal proceeding arising from Fidelity National Financial, Inc.’s $4.2 billion acquisition of Lender Processing. Following a four-day trial, the Court of Chancery gave 100% weight to the final merger consideration. Petitioner Merion Capital accordingly received none of the approximately $90 million in additional consideration it had sought in the appraisal action.