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Delaware Court Dismisses Shareholder Suit Against Spectra

A judge in Delaware Chancery Court on Monday dismissed a derivative lawsuit brought by a class of Spectra Energy Partners shareholders after the company’s 2015 reverse dropdown with Spectra Energy Corp. 

The ruling marks a win for a group of Houston and Delaware lawyers from Skadden Arps Slate Meagher & Flom, who are representing defendant Spectra Energy Partners (DE) GP, LP (SEP GP), the named defendant in the lawsuit and the general partner of Spectra Energy Partners (SEP). 

Natalie Posgate

Natalie Posgate covers pro bono work, public service and diversity within the Texas legal community.

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