IN RE ENERGY TRANSFER EQUITY L.P. UNITHOLDER LITIGATION

Cons. C.A. No. 12197-VCG.

IN RE ENERGY TRANSFER EQUITY L.P. UNITHOLDER LITIGATION.

Court of Chancery of Delaware.

Decided: February 28, 2017.


Attorney(s) appearing for the Case

Michael Hanrahan , Paul A. Fioravanti, Jr. , Samuel L. Closic , Eric J. Juray , of PRICKETT, JONES & ELLIOTT, P.A., Wilmington, Delaware; OF COUNSEL: Lee D. Rudy , Michael C. Wagner , Leah Heifetz , of KESSLER TOPAZ MELTZER & CHECK, LLP, Radnor, Pennsylvania, Attorneys for Plaintiffs.

Rolin P. Bissell , Elena C. Norman , Tammy L. Mercer , Benjamin M. Potts , of YOUNG CONAWAY STARGATT & TAYLOR, LLP, Wilmington, Delaware; OF COUNSEL: Michael C. Holmes , John C. Wander , Andrew E. Jackson , Craig E. Zieminski , of VINSON & ELKINS LLP, Dallas, Texas, Attorneys for Defendants Energy Transfer Equity, L.P., LE GP, LLC, Kelcy L. Warren, John W. McReynolds, Marshall S. McCrea III, Matthew S. Ramsey, Ted Collins, Jr., K. Rick Turner, Ray Davis and Richard D. Brannon.

David E. Ross , John A. Eakins , of ROSS ARONSTAM & MORITZ LLP, Wilmington, Delaware; OF COUNSEL: M. Scott Barnard , Michelle Reed , Lauren E. York , of AKIN GUMP STRAUSS HAUER & FELD LLP, Dallas, Texas, Attorneys for Defendant William P. Williams.


MEMORANDUM OPINION

This unsatisfying Memorandum Opinion addresses cross-motions for partial summary judgment in the context of the issuance of partnership units of a limited partnership, Energy Transfer Equity, L.P. ("ETE" or the "Partnership"). The Memorandum Opinion is unsatisfying because...

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