financetom
Business
financetom
/
Business
/
TC Energy to appeal court rulings in lawsuit related to Columbia Pipeline deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TC Energy to appeal court rulings in lawsuit related to Columbia Pipeline deal
May 15, 2024 2:41 PM

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.

The court last June held that the former CEO and CFO of

Columbia breached their fiduciary duties to company stockholders

and that TC Energy ( TRP ) aided and abetted those breaches.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ford Motor February Sales Fall 8.9% Year Over Year
Ford Motor February Sales Fall 8.9% Year Over Year
Mar 3, 2025
09:32 AM EST, 03/03/2025 (MT Newswires) -- Ford Motor ( F ) said Monday February vehicle sales totaled 158,675 units, decreasing 8.9% year-over-year. Sales of hybrid vehicles rose by 27.5% from the year-ago period to 15,357 units, while electric vehicle sales rose by 15% to 7,326. Internal combustion vehicle sale dropped by 12.7% to 135,992, Ford said. F shares were...
Aclarion to Provide Imaging Technology to Scripps Health in California; Shares Jump
Aclarion to Provide Imaging Technology to Scripps Health in California; Shares Jump
Mar 3, 2025
09:32 AM EST, 03/03/2025 (MT Newswires) -- Aclarion ( ACON ) shares rallied sharply early Monday after the healthcare technology company said it has established a commercial agreement with Scripps Health that will add its Nociscan technology platform to treat lower back pain to Scripps facilities in San Diego. The agreement is expected to optimize Scripps' clinical treatment by providing...
What's Going On With Rocket Lab Stock Monday?
What's Going On With Rocket Lab Stock Monday?
Mar 3, 2025
Rocket Lab USA Inc ( RKLB ) shares are trading higher Monday as the stock continues to bounce back from an initial selloff on earnings. The company on Monday announced a successful moon landing supported by its software. What Happened: Rocket Lab shares sold off on earnings late last week. The company reported fourth-quarter revenue of $132.39 million, beating the consensus...
Lexicon Pharmaceuticals (LXRX) Stock Is Down: What's Going On?
Lexicon Pharmaceuticals (LXRX) Stock Is Down: What's Going On?
Mar 3, 2025
Lexicon Pharmaceuticals Inc ( LXRX ) shares are trading lower by 42% to 40 cents Monday morning. The company earlier announced topline results from its PROGRESS Phase 2b study evaluating pilavapadin (LX9211) for diabetic peripheral neuropathic pain. What To Know: The study confirmed that a 10 mg daily dose achieved meaningful pain reduction with improved tolerability, making it the optimal...
Copyright 2023-2026 - www.financetom.com All Rights Reserved