May 15 (Reuters) - Pipeline operator TC Energy Corp ( TRP )

said on Wednesday it disagreed with the Delaware

Chancery Court's decision of allocating liability for earlier

damages in an ongoing class action lawsuit related to its 2016

acquisition of Columbia Pipeline worth $13 billion.

Vice Chancellor Travis Laster of the Delaware Chancery Court

ruled that TC Energy ( TRP ) needs to pay $199 million to sell-side

shareholders of Columbia due to the company, along with two

former executives of Columbia Pipeline, "not disclosing material

information in the face of a duty to disclose."

Filed in July 2018, ex-Columbia CEO Robert Skaggs and CFO

Stephen Smith were accused of engineering a spin-off of Columbia

from NiSource, and then selling Columbia to TC Energy ( TRP ) at a

lowball price to obtain lucrative change-of-control payments.

However, in one of the earlier cases, known as an

appraisal case, Laster had found that the $25.50 per share

takeover price was fair.

While Columbia's former executives settled with

plaintiffs prior to trial for $79 million, TC Energy ( TRP ) disputed

the allegations.