Chevron Sues Sunoco Over Texas Pipeline Deal

Law360, New York (May 21, 2013, 2:50 PM EDT) -- A unit of Chevron Corp. fired off a derivative lawsuit Monday in Delaware Chancery Court on behalf of West Texas Gulf Pipeline Co. and against a subsidiary of Sunoco Inc., alleging that Sunoco's representatives on WTG's board approved an unfair pipeline lease.

Representatives from Sunoco Pipeline LP, which has a 60 percent controlling share of WTG, make up six of the nine members of WTG's board of directors, and the company allegedly used that influence to get an eight-year lease for a portion of the 600-mile...
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