Joel A. GERBER, Plaintiff Below, Appellant,
v.
ENTERPRISE PRODUCTS HOLDINGS, LLC; Enterprise Products Partners, L.P.; Randa Duncan Williams; O.S. ("Dub") Andras; Charles E. McMahen; Edwin E. Smith; Thurmon M. Andress; Richard H. Bachmann; B.W. Waycaster; Ralph S. Cunningham; W. Randall Fowler; and Randa Duncan Williams, Richard H. Bachmann, and Ralph S. Cunningham, in their Capacity as Executors of the Estate of Dan L. Duncan, Deceased, Defendants Below, Appellees.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Rolin P. Bissell and Tammy L. Mercer, Esquires , Young Conaway Stargatt & Taylor, LLP, Wilmington, Delaware; Of Counsel: Karl S. Stern, Esquire , Vinson & Elkins, L.L.P., Houston, Texas; for Appellees Enterprise Products Holdings, LLC, Oscar S. Andras, Ralph S. Cunningham, W. Randall Fowler and Richard H. Bachmann.
Richard D. Heins , Richard L. Renck , and Stacy L. Newman, Esquires , Ashby & Geddes, Wilmington, Delaware; for Appellees Enterprise Products Company, Randa Duncan Williams, in her individual capacity, and Randa Duncan Williams, Richard H. Bachmann and Ralph S. Cunningham in their capacities, as Executors of the Estate of Dan L. Duncan, deceased.
Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS and RIDGE LY, Justices, constituting the Court en Banc.
Supreme Court of Delaware.
JACOBS, Justice:
I. INTRODUCTION
The plaintiff, Joel A. Gerber, held limited partnership units ("LP units") of Enterprise GP Holdings, L.P., a Delaware limited partnership ("EPE"). Gerber brought this action in the Court of Chancery on behalf of two classes of former public holders of LP units of EPE. On behalf of the first class ("Class I"), Gerber challenged the sale by EPE in 2009 of Texas Eastern Products...
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