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TC Energy, Ex-Columbia Pipeline Execs Must Face Lawsuit Over $10 Billion Deal By Tom Hals | March 2, 2021 WILMINGTON, Del. TC Energy Corp and two former Columbia Pipeline Group Inc executives must defend against a lawsuit claiming the companies’ $10 billion merger in 2016 shortchanged Columbia investors, a Delaware judge ruled on Monday. Vice Chancellor Travis Laster of the Delaware Chancery Court refused to dismiss the lawsuit by former Columbia shareholders, led by the Public Employees’ Retirement System of Mississippi. Former Columbia Chief Executive Robert Skaggs and Chief Financial Officer Stephen Smith were accused of engineering a spin-off of Columbia from NiSource Inc, and then selling Columbia to TC Energy at a lowball price to obtain lucrative change-of-control payments, known as golden parachutes.

United statesRobert skaggsStephen smithTranscanada corpTc energy corpTravis laster of the delaware chancery courtNisource incTc energyColumbia pipeline group incChancellor travis lasterDelaware chancery courtPublic employee retirement systemColumbia chief executive robert skaggsChief financial officer stephen smithNorth americaஒன்றுபட்டது மாநிலங்களில்