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The Corwin 'Cleansing' Continues

Law360, New York (March 20, 2017, 12:27 PM EDT) -- Warren S. de Wied

Gail Weinstein In Columbia Pipeline Group Inc. Stockholder Litigation (March 7, 2017), Vice Chancellor J. Travis Laster granted the defendants’ motion to dismiss a putative class action challenging the $13 billion sale of Columbia Pipeline Group Inc. to TransCanada Corp. The plaintiffs alleged that all of the Columbia Pipeline directors and certain officers had breached their duty of loyalty by having engineered a self-interested plan (when they were directors and officers of the company’s former parent) to spin the company off and then...
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