The Delaware Chancery Court recently dismissed a challenge to a transaction in which a master limited partnership (the "MLP") repurchased an interest in a crude oil pipeline in 2015 previously sold to its general partner (the...more
5/23/2016
/ Bad Faith ,
Breach of Duty ,
Covenant of Good Faith and Fair Dealing ,
Dismissals ,
EBITDA ,
General Partnerships ,
Master Limited Partnerships ,
Oil & Gas ,
Pipelines ,
Pleadings ,
Tax Allocation Agreements
In an opinion issued on March 29, 2016, the Delaware Chancery Court dismissed a challenge to the 2015 acquisition of Regency Energy Partners LP (“Regency”) by Energy Transfer Partners L.P. (“ETP”), holding that Regency’s...more