WILLIAMS COMPANIES, INC. v. ENERGY TRANSFER EQUITY, L.P.

C.A. Nos. 12168-VCG, 12337-VCG.

THE WILLIAMS COMPANIES, INC., Plaintiff and Counterclaim Defendant, v. ENERGY TRANSFER EQUITY, L.P. and LE GP, LLC, Defendants and Counterclaim Plaintiffs. THE WILLIAMS COMPANIES, INC., Plaintiff and Counterclaim Defendant, v. ENERGY TRANSFER EQUITY, L.P., ENERGY TRANSFER CORP LP, ETE CORP GP, LLC, LE GP, LLC, and ENERGY TRANSFER EQUITY GP, LLC, Defendants and Counterclaim Plaintiffs.

Court of Chancery of Delaware.

Decided: December 1, 2017.


Attorney(s) appearing for the Case

Kenneth J. Nachbar and Zi-Xiang Shen , of MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, DE; OF COUNSEL: Sandra C. Goldstein , Antony L. Ryan , and Kevin J. Orsini , of CRAVATH, SWAINE & MOORE LLP, New York, NY, Attorneys for the Plaintiff and Counterclaim Defendant.

Rolin P. Bissell , Tammy L. Mercer , and James M. Yoch, Jr. , of YOUNG CONAWAY STARGATT & TAYLOR LLP, Wilmington, DE; OF COUNSEL: Michael C. Holmes , John C. Wander , Michael L. Charlson and Craig E. Zieminski , of VINSON & ELKINS LLP, Dallas, TX, Attorneys for the Defendants and Counterclaim Plaintiffs.


MEMORANDUM OPINION

What, Langston Hughes asked, becomes of a dream deferred?1 When the dream is a multi-billion-dollar merger that changing market conditions no longer favor, it seems, it becomes a carcass that, like those of millions of turkeys featured in...

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