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EL PASO GAS CO. v. TRANSAMERICAN GAS CORP.

Nos. 243, 1994, 244, 1994, 504, 1994 and 505, 1994.

669 A.2d 36 (1995)

EL PASO NATURAL GAS COMPANY, et al., Plaintiffs Below, Appellants, v. TRANSAMERICAN NATURAL GAS CORPORATION, Defendant Below, Appellee.

Supreme Court of Delaware.

Decided: September 20, 1995.

Revised: September 21, 1995.

Revised: October 6, 1995.

Attorney(s) appearing for the Case

Robert K. Payson (argued), James F. Burnett and Stephen C. Norman, Potter Anderson & Corroon, Wilmington, for El Paso Natural Gas Company, Richard M. Bressler, Travis H. Petty and William A. Wise.

Lawrence C. Ashby (argued), Stephen E. Jenkins, Philip Trainer, Jr. and Amy Arnott Quinlan, Ashby & Geddes, Wilmington, for TransAmerican Natural Gas Company.

A. Gilchrist Sparks, III and Kenneth J. Nachbar, Morris Nichols Arsht & Tunnell, Wilmington, for El Paso Production Company, Meridian Oil Inc., Burlington Northern, Inc. and Burlington Resources, Inc.

Richard R. Wier, Jr., Wilmington, for TransAmerican Natural Gas Corporation.

Before WALSH, HOLLAND and HARTNETT, JJ.

HARTNETT, Justice.

In this appeal we find that the Court of Chancery does not have jurisdiction over this controversy because of the existence of an adequate remedy at law. The ruling of the Court of Chancery dismissing the suit is, therefore, affirmed.

I.

This lawsuit arises from a dispute over a December 24, 1989 settlement between Plaintiffs, Appellants, El Paso Natural Gas Company and El Paso Production...

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