Brinckerhoff v. Texas Eastern Products Pipeline Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that a similar provision in a limited partnership agreement was “an ‘express standard’ that replaces default fiduciary rules”
• assessing strength of derivative claims for which standing was extinguished by merger when evaluating fairness of settlement
• approving payment of $100,000 to lead plaintiff who spent approximately 1,000 hours assisting with litigation
• awarding a $100,000 fee to the lead plaintiff out of his counsel’s award where the plaintiff “spent approximately 1,000 hours assisting on the litigation”
• “Perfection is an unattainable standard that Delaware law does not require, even in a transaction with a controller.”
• failure by special committee’s financial advisor to value derivative action “as a non-operating asset” weighed against finding that merger price was fair

Source: CourtListener parenthetical corpus (CC0).