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Sea : Officers Face Personal Liability For Steering A Sale Of Columbia Pipeline To A Preferred Buyer

Sea : Officers Face Personal Liability For Steering A Sale Of Columbia Pipeline To A Preferred Buyer
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United States , Salt Lake City , Steven Smith , Robert Skaggs Jr , Snell Wilmer , Tysonj Prisbrey , Transcanada Corporation , Delaware Court , Spectra Energy Corp , Mondaq Ltd , Columbia Pipeline Group Inc , Pipeline Group , Merger Litigation , Canada Corporation , ஒன்றுபட்டது மாநிலங்களில் , உப்பு ஏரி நகரம் , ஸ்டீவன் ஸ்மித் , ராபர்ட் ஸ்காக்ஸ் ஜூனியர் , ஸ்நெல் வில்மர் , டிரான்ஸ்கனாடா நிறுவனம் , டெலாவேர் நீதிமன்றம் , ஸ்பெக்ட்ரா ஆற்றல் கார்ப் , கொலம்பியா குழாய் குழு இன்க் , குழாய் குழு , இணைப்பு வழக்கு , கனடா நிறுவனம் ,

DTE Energy announces Board of Directors for DT Midstream

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
DTE Energy announces Board of Directors for DT Midstream
DTE EnergyMay 7, 2021 GMT
Board comprised of highly qualified, diverse directors with experience and expertise to oversee the new independent midstream company
Director appointments will be effective upon completion of DT Midstream spin-off, which is expected in July 2021
DT Midstream files Form 10 registration statement with Securities and Exchange Commission
DETROIT, May 07, 2021 (GLOBE NEWSWIRE) DTE Energy (NYSE: DTE) today announced the composition of the Board of Directors for DT Midstream, the new independent, publicly traded company that is expected to be formed through the planned spin-off of DTE Energy’s non-utility natural gas pipeline, storage and gathering business. DTE Energy expects that the spin-off will be completed in July 2021. ....

United States , Fort Worth , Green Mountain , Loyola Marymount University , Pete Ternes , Stephen Baker , Robert Skaggs Jr , David Slater , Peter Tumminello , Dwayne Wilson , Rondeau Energy Consulting Inc , Davidson College , Goldman Sachs , Newport News Nuclear Inc , Tulane University , American Institute Of Certified Public Accountants , Ak Steel Holding Corporation , Energy Board , University Of Southwestern Louisiana , Union Gas , Energy Board Of Directors , Union Gas Ltd , Alameda Health System , Ontario Energy Association , Chatham Kent Community Leader Cabinet , Crown Holdings Inc ,

Officers Face Personal Liability for Steering a Sale of Columbia Pipeline to a Preferred Buyer | Snell & Wilmer

The Delaware Court of Chancery in
In re Columbia Pipeline Group, Inc. Merger Litigation denied a motion to dismiss claims for fiduciary duty breach in the sale of Columbia Pipeline Group, Inc. (“Columbia”). The Court found that the plaintiff stockholders’ allegations supported the inference that Columbia’s CEO and Chairman Robert Skaggs, Jr. and CFO Steven Smith breached their fiduciary duty of loyalty by favoring TransCanada Corporation in the sale of Columbia.
Background of the Transaction
The litigation arose from the sale of Columbia by its board of directors (the “Board”). Columbia, with its primary asset being a gas pipeline, sought to exploit a production boom. Skaggs and Smith planned to retire in 2016, and they enjoyed as part of their compensation packages lucrative change-in-control arrangements, which would provide greater benefits if the company was sold before their retirement. A decline in commodity prices pushed Columbia’s stock down, m ....

United States , Steven Smith , Robert Skaggs Jr , Snell Wilmer , Transcanada Corporation , Delaware Court , Spectra Energy Corp , Columbia Pipeline Group Inc , Columbia Pipeline Group , Merger Litigation , Chairman Robert Skaggs , Spectra Energy , ஒன்றுபட்டது மாநிலங்களில் , ஸ்டீவன் ஸ்மித் , ராபர்ட் ஸ்காக்ஸ் ஜூனியர் , ஸ்நெல் வில்மர் , டிரான்ஸ்கனாடா நிறுவனம் , டெலாவேர் நீதிமன்றம் , ஸ்பெக்ட்ரா ஆற்றல் கார்ப் , கொலம்பியா குழாய் குழு இன்க் , கொலம்பியா குழாய் குழு , இணைப்பு வழக்கு , தலைவர் ராபர்ட் ஸ்காக்ஸ் , ஸ்பெக்ட்ரா ஆற்றல் ,

Delaware Court of Chancery Allows Stockholder Litigation to Proceed Against Viacom-CBS Over $30B Merger | Goodwin

IN THIS ISSUE
Delaware Court of Chancery Allows Stockholder Litigation to Proceed Against Viacom-CBS Over $30B Merger; Ninth Circuit Affirms Dismissal with Prejudice of Securities Class Action Against Tesla; Second Circuit Affirms Dismissal of Securities Action Against Spencer Capital as Predominantly Foreign; Delaware Supreme Court Finds That Former Spectra Energy Shareholder Has Standing to Challenge Validity of Merger Price Based on Derivative Action Against Target Entity; Third Circuit Reverses Fraud Convictions Related to Regulatory Loan Reporting Requirements for “Past Due” Loans.

DELAWARE COURT OF CHANCERY ALLOWS STOCKHOLDER LITIGATION TO PROCEED AGAINST VIACOM-CBS OVER $30B MERGER
On January 27, 2021, in In re CBS Corporation Stockholder Class Action and Derivative Litigation, the Delaware Court of Chancery partially denied a motion to dismiss in a class action suit brought by stockholders against ViacomCBS, CBS Board members and executives, Nationa ....

New York , United States , Cavello Bay , Joseph Ianniello , Shari Redstone , Kenneth Shubin Stein , Paul Morris , Viacom Inc , United States District Court , Tesla Inc , Corporation Stockholder Class Action , Primedia Inc , Plaintiff Cavello Bay Reinsurance Ltd , Cavello Bay Reinsurance Ltd , Spectra Energy Partnerslp , Spectra Energy Partners , Enbridge Inc , Federal Reserve , Delaware Court , Spectra Energy Corp , National Amusements Inc , Securities Exchange , Spencer Capital Ltd , Delaware Supreme Court , Chancery Allows Stockholder Litigation , Proceed Against ,