Subscribe- Plaintiff
- El Paso Shareholders
- Represented By:
- Lebovitch, Mark (Bernstein Litowitz Berger & Grossmann LLP)
- Defense
- El Paso Corporation
- Represented By:
- Rowe, Paul (Wachtell, Lipton, Rosen & Katz)
Summary
In this mergers and acquisition litigation hearing, plaintiff El Paso Corporation Shareholder were seeking a preliminary injunction to enjoin a merger between El Paso Corporation and Kinder Morgan, Inc. The plaintiffs counsel claimed when El Pasos CEO was supposed to be getting the maximum price from Kinder Morgan, he actually had an interest in not doing that and that this undisclosed conflict of interest compounded the reality that the Board and management of El Paso relied in part on advice given by a financial advisor, Goldman, Sachs & Co., which owned 19% of Kinder Morgan (a $4 billion investment) and controlled two Kinder Morgan board seats.
The plaintiffs were represented by attorney Mark Lebovitch. The defendant in this case, El Paso Corporation was represented by attorney Paul Rowe.
- Plaintiff
- Defense
- Judge
- Leo Strine
- Jurisdiction
- Delaware Court Of Chancery
- Court
- New Castle County Courthouse
- Case Number
- 6949-CS
- Industry
- Energy
- Practice Area
- Mergers and Acquisitions
- Expert Witnesses
- Lay Witnesses
Sessions
AM Session
Other
7 Chapters
| Description | Attorney | Witness | Presence | |||
|---|---|---|---|---|---|---|
 | 00:00:00 | General Case Activities | Lebovitch, Mark | In Person | ||
| 00:02:00 | Opening Statement | Lebovitch, Mark | In Person | ||
| 02:11:23 | Break | ||||
| 02:32:09 | Opening Statement | Rowe, Paul | In Person | ||
| 05:00:42 | Break | Audio Conference | |||
| 05:15:52 | Opening Statement | Rowe, Paul | In Person | ||
| 06:15:50 | End of Session |
Recording Disclaimer: This proceeding was recorded in full.