The Delaware Supreme Court, in Lee Levine, et al. v. Energy Transfer, LP, et al., No. 238, 2019, order (Del. Nov. 26, 2019), affirmed the Delaware Court of Chancery’s decision finding that a private issuance of partnership units breached an LP Agreement but awarding no remedy because the breach caused no harm.
[$$$] Law360 discusses the decision in Del. Justices Affirm Ruling On $1B ETE Equity Issue.