EL PASO PIPELINE GP COMPANY, L.L.C., Defendant Below, Appellant/Cross-Appellee, and
El Paso Corporation, Douglas L. Foshee, John R. Sult, Ronald L. Kuehn, Jr., D. Mark Leland, Arthur C. Reichstetter, William A. Smith and James C. Yardley, Defendants Below, Cross-Appellees, and
El Paso Pipeline Partners, L.P., Nominal Defendant Below,
v.
Peter R. BRINCKERHOFF, Trustee of the Peter R. Brinckerhoff Rev. Tr. U/A DTD 10/17/97, Plaintiff Below, Appellee/Cross-Appellant.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Before STRINE, Chief Justice; HOLLAND, VALIHURA and VAUGHN, Justices; and RENNIE, Judge, constituting the Court en Banc.
VALIHURA, Justice:
I. INTRODUCTION
In a detailed, well-reasoned decision, the Court of Chancery held that a conflicts committee approved a conflict transaction that it did not believe was in the best interests of the limited partnership it was charged with protecting. In fact, the court found that the committee — and the committee...
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