$110M Deal Over Kinder Morgan's El Paso Buyout Gets OK

Law360, Wilmington (December 3, 2012, 5:33 PM EST) -- A Delaware judge on Monday approved a $110 million settlement resolving a shareholder class action that alleged Kinder Morgan Inc.'s recent $21 billion acquisition of pipeline operator El Paso Corp. was sullied by conflicts of interest involving El Paso's CEO and financial adviser Goldman Sachs & Co.

At a court hearing in Wilmington, Chancellor Leo Strine signed off on the settlement — in which Goldman forfeited a $20 million advisory fee for its part — after overruling objections from a handful of individual El Paso investors....
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