Simpson Thacher Partners Author Law360 Article on Delaware Supreme Court Reversal of Aiding and Abetting Decision Against Third-Party Acquiror
Litigation Partners Steve Blake, Pete Kazanoff and Jon Youngwood authored an article titled, “M&A Ruling Reinforces High Bar For Aiding, Abetting Claims,” which was published by Law360. The article discussed the Delaware Supreme Court’s reversal of the Delaware Court of Chancery’s June 2023 post-trial judgment In re: Columbia Pipeline Group Inc. Merger Litigation, which had held TransCanada Corp., acquirer of Columbia, liable for aiding and abetting breaches of fiduciary duty by Columbia’s officers and board during the deal process. It further explored the transaction, the lower court's decision and the Delaware Supreme Court's reversal, and offered key takeaways from the ruling.
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