Dieckman v. Regency GP LP, Regency GP LLC

SEITZ, Justice:

In this appeal, we again wade into the details of a master limited partnership agreement to decide whether the complaint’s allegations can overcome the general partner’s use of conflict resolution safe harbors to dismiss the case. The parties are identified by a host of confusing abbreviations, but the gist of the appeal is as follows.

The plaintiff is a limited partner/unit-holder in the publicly-traded master limited partnership (“MLP”). The general partner proposed that the partnership be acquired through merger with another limited partnership in the MLP family. The seller…