Chimicles & Tikellis 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.
C.A. No. 1973-N (Del. Ch.).
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