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TC Energy to appeal court rulings in lawsuit related to Columbia Pipeline deal
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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.

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