On June 27, 2017, the Delaware Court of Chancery denied, in part, the motions of defendants Spectra Energy Corporation ("SE Corp.") and Spectra Energy Partners (DE) GP, LP to dismiss Plaintiff's claims for breaching Spectra Energy Partners LP's ("SEP") Second Amended and Restated Limited Partnership Agreement. Specifically, the complaint alleges that SE Corp. through its control of SEP’s general partner, caused SEP to sell to SE Corp. equity interests in two liquid natural gas pipeline companies for roughly $500 million less than what SE Corp. admittedly proclaimed they were worth.
A copy of the Court's Memorandum Opinion can be accessed here.