In Re Kinder Morgan, Inc. Shareholder Litigation

C&T serves as Co-Lead Counsel for plaintiffs and a proposed class of Kinder Morgan’s (“KMI”) stockholders challenging one of the largest public shareholder buyouts in history.  This shareholder class action alleges that KMI’s officers and directors, and the Buyout Group (which included affiliates of Goldman Sachs, AIG Financial Products Corp. and Carlyle/Riverstone) failed to fulfill their fiduciary duties and obligations to the Company’s public shareholders (or aided and abetted in the breach of those duties) in the face of the $20 billion “going-private” takeover proposal.  The Action alleges that the value of KMI's shares was materially in excess of the buyout price, that the consideration was inadequate and represented an attempt by the Buyout Group to wield its control to force out the public shareholders in order to reward itself with the profits rightfully belonging to the Plaintiffs and KMI's public shareholders, and that the proposed offer was timed to take advantage of a slump in the share price of KMI that immediately preceded the initial Buyout offer.  C&T is vigorously prosecuting this Action and is currently pursuing extensive discovery from all defendants and relevant third parties.

Consol. Case No. 06-C-801 (District Court of Shawnee County, Kansas)