In re El Paso Pipeline Partners, L.P. Derivative Litigation

OPINION

LASTER, Vice Chancellor.

In November 2010, El Paso Corporation (“El Paso Parent”) sold member interests in three limited liability companies to El Paso Pipeline Partners,- L.P. (the “Partnership” or “El Paso MLP”). At the time of the sale, El Paso Parent controlled El Paso MLP through its- ownership of El Paso Pipeline GP Company, L.L.C., the sole general partner of El Paso MLP (the “General Partner” or “El Paso GP”). On April 20, 2015, this court issued a post-trial decision which held that by causing El Paso MLP to buy the member interests, .the General Partner breached the limited…