Manson v. Northern Plain Natural Gas Co., LLC, et. al.,

Manson v. Northern Plain Natural Gas Co., LLC, et. al.,

Chimicles Schwartz Kriner & Donaldson-Smith LLP (CSK&D) was lead counsel in an action that alleged class and derivative contract and fiduciary duty claims stemming from dropdown asset transactions to a partnership from an affiliate of its general partner. The Court approved a settlement that, among other things, resulted in a substantial adjustment (valued by Plaintiff’s expert to be worth more than $100 million) to the economic terms of units issued by the partnership in exchange for the assets.