A Delaware judge on Friday ordered Loews Corp to pay $690 million to former Boardwalk Pipeline Partners LP investors who claimed they were shortchanged in a July 2018 buyout.
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page.to pay $690 million to former Boardwalk Pipeline Partners LP investors who claimed they were shortchanged in a July 2018 buyout.
He said Loews obtained the bargain price after its lawyers "worked hard" to obtain a favorable legal opinion concerning Houston-based Boardwalk's tax and regulatory status, including rulemaking by the Federal Energy Regulatory Commission. Shares of Loews were down 56 cents, or nearly 1%, at $57.00 in early afternoon trading on the New York Stock Exchange.
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