Major shareholders of Texas Pacific Land Corp. knew they were breaching their voting commitment in opposing a plan to issue new stock, an attorney for the Permian Basin land giant told the Delaware Supreme Court on Wednesday.
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Boardwalk Investors Stress Conflicts In $1.5B Call-In Trial
Law360 (February 22, 2021, 10:35 PM EST) An attorney for a group of Boardwalk Pipeline Partners LP public investors caught in a $1.5 billion unit call-in hammered on alleged contract ambiguities and lawyer conflicts Monday during the first day of a Delaware Chancery Court trial seeking hundreds of millions in damages for class members.
A.Thompson Bayliss of Abrams & Bayliss, counsel for the unitholder class, spent part of the first day of a four-day trial pressing Michael Rosenwasser, senior counsel at Baker Botts LLP, on Rosenwasser s role in drafting part of an allegedly ambiguous master limited partnership agreement prior to Boardwalk s initial public offering in 2005.