Del. Supreme Court Upholds Chancery On TC Pipeline Case

Law360, Wilmington (December 20, 2016, 3:54 PM EST) -- Bare claims of unfairness cannot overcome a partnership's valid “special approval” shields for company decisions, Delaware’s Supreme Court said Monday in a ruling that rejected a master limited partnership member’s appeal of a losing challenge to a $446 million TransCanada Pipelines deal.

The decision upheld the Chancery Court’s dismissal of a suit filed by MLP member Employee Retirement Systems of the City of St. Louis that claimed TC Pipelines General Partnership imposed unfair terms on affiliate TC Pipelines LP in purchasing a portion of a 1,353-mile natural gas pipeline between British Columbia and a spot near the Oregon California border....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!