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Business Organizations Keyed to Cox
Gerber v. Enter. Prods. Holdings, LLC
Citation:
67 A.3d 400 (2013)Facts
Joel Gerber initiated suits on behalf of former public holders of Delaware limited partnership units in Enterprise GP Holdings, L.P. alleging unfairness in the 2009 sale by EPE of its subsidiary, Teppco GP, to a second limited partnership, Enterprise Products Partner, LP. On the same date, Teppco LP was sold to Enterprise Products in a related transaction. In connection with the sales, the Audit, Conflict and Governance Committee of Enterprise Products GP sought a fairness opinion from Morgan Stanley. Gerber, on behalf of the public unit holders, brought suit including breach of implied covenant of good faith and fair dealing.
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Topic Resources
Topic Outline
Shareholders’ RightsTopic Refresher Course
Breach: Major and MinorTopic Charts & Notes
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