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Corporate and MLP Securities Litigation

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Litigation challenging the fairness of M&A transactions involving MLPs (and LLCs) has remained strong. The presentation will review recent case law regarding investment banking fairness opinions, conflicts of interest, and adequacy of disclosures in proxy or registration statements.

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Additionally, we will cover recent Delaware court decisions that provide guidance for how Delaware courts will review these M&A transactions. These decisions reflect that if the partnership or LLC agreement is sufficiently clear, Delaware courts will (i) uphold any limits or modifications of traditional fiduciary duties, (ii) determine whether a process and transaction passes muster under the standards of care and mechanisms provided for in the agreement, and (iii) uphold the voting provisions in the governing agreement.

This presentation was recorded and current as of January 21, 2015. Content viewed after this date may no longer be current..

This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.