‘In Re Columbia Pipeline Merger Litigation’: A Sigh of Relief for Acquirors

The Delaware Supreme Court recently overturned the Court of Chancery decision that found a corporate buyer liable for aiding and abetting in a merger case. The Supreme Court reiterated that an acquiring company can in fact be held liable if there is evidence of actual knowledge of the seller’s fiduciary breaches. In this Delaware Business Court Insider article, Sarah Delia and Chelsea Nichols provide an in-depth breakdown of the In re Columbia Pipeline ruling and explain how it reinforces the standard set in In re Mindbody Stockholder Litigation for holding buyers liable for breaches in a merger or acquisition.