The Delaware Court of Chancery, in In re CVR Refining, LP Unitholder Litigation, C.A. No. 2019-0062-KSJM (consol.), memo. op. (Del. Ch. Jan. 31, 2020), found that the general partner and its controllers conceivably breached the implied covenant of good faith and fair dealing in a Limited Partnership Agreement.
NEW: Morris James discusses the decision in Claims Alleging that Icahn-Entities Schemed to Buy Out Minority Unitholders on the Cheap Survive Motion to Dismiss.
R. Montgomery Donaldson discusses the decision in Court of Chancery Denies Motion to Dismiss Implied Covenant of Good Faith and Fair Dealing Claim.