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BRINCKERHOFF v. ENBRIDGE ENERGY CO., INC.

No. 574, 2011.

67 A.3d 369 (2013)

Peter BRINCKERHOFF, Individually and As Trustee of the Peter R. Brinckerhoff Rev. TR U A DTD 10/17/97, Plaintiff Below, Appellant, v. ENBRIDGE ENERGY COMPANY, INC.; Enbridge, Inc.; Enbridge Energy Management, L.L.C.; Enbridge Employee Services, Inc.; Martha O. Hesse, Jeffrey A. Connelly, Dan Westbrook, George K. Petty, Stephen J.J. Letwin, Terrence L. McGill and Stephen J. Wuori, Defendants Below, Appellees, and Enbridge Energy Partners, L.P., Nominal Defendant Below, Appellee.

Supreme Court of Delaware.

Decided: May 28, 2013.

Attorney(s) appearing for the Case

Joseph A. Rosenthal, Esquire and Jessica Zeldin, Esquire , Rosenthal, Monhait & Goddess, P.A., Wilmington, Delaware, Of Counsel: Lawrence P. Eagel, Esquire (argued), Jeffrey H. Squire, Esquire , Bragar Eagel & Squire, P.C., New York, New York, for Appellant.

William M. Lafferty, Esquire , Thomas W. Briggs, Jr., Esquire and D. McKinley Measley, Esquire , Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware, Of Counsel: Kevin C. Logue, Esquire (argued) and Kevin P. Broughel, Esquire , Paul Hastings LLP, New York, New York, for Appellees Enbridge Energy Company, Inc., Enbridge Energy Management, L.L.C., Enbridge Energy Partners, L.P., Martha O. Hesse, Jeffrey A. Connelly, Dan Westbrook and Terrance L. McGill.

Raymond J. DiCamillo, Esquire and Kevin M. Gallagher, Esquire , Richards, Layton & Finger, P.A., Wilmington, Delaware, Of Counsel: Michael H. Steinberg, Esquire (argued) and Orly Z. Elson, Esquire , Sullivan & Cromwell LLP, Los Angeles, California, for Appellees Enbridge, Inc., Enbridge Employee Services, Inc., George K. Petty, Stephen J.J. Letwin and Stephen J. Wuori.

Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS and RIDGELY, Justices, constituting the Court en Banc.

BERGER, Justice:

In this appeal we consider whether the Court of Chancery erred in dismissing a derivative and class action complaint against the general partner and other managers of a limited partnership. The governing limited partnership agreement provides that appellees have no liability for money damages as long as they act in good faith. The Court of Chancery dismissed the complaint because it fails to allege facts that would support a finding of bad faith....

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