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M&A Ruling Reinforces High Bar For Aiding, Abetting Claims

By Steve Blake, Pete Kazanoff and Jon Youngwood ( August 7, 2025, 1:24 PM EDT) -- On June 17, the Delaware Supreme Court reversed the Delaware Court of Chancery's June 2023 post-trial judgment in In re: Columbia Pipeline Group Inc. Merger Litigation, which had held TransCanada Corp., acquirer of Columbia, liable for aiding and abetting breaches of fiduciary duty by Columbia's officers and board during the deal process and awarding the plaintiff Columbia stockholders approximately $200 million in "nominal damages."[1]...

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