- Pipeline operator TC Energy Corp said on Wednesday it disagreed with the Delaware Chancery Court's decision of allocating liability for earlier damages in an ongoing class action lawsuit related to its 2016 acquisition of Columbia Pipeline worth $13 billion.
Filed in July 2018, ex-Columbia CEO Robert Skaggs and CFO Stephen Smith were accused of engineering a spin-off of Columbia from NiSource, and then selling Columbia to TC Energy at a lowball price to obtain lucrative change-of-control payments.
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