TC Energy Challenges $199 Million Court Ruling Over Columbia Pipeline Deal

The company disputes Delaware Chancery Court's decision to allocate liability in a class action lawsuit regarding its 2016 acquisition.

TC Energy plans to appeal a Delaware court's decision requiring it to pay $199 million in damages.
The lawsuit involves allegations that former Columbia Pipeline executives breached fiduciary duties.
TC Energy argues that the court made significant errors in fact and law.
The company's share of the damages includes $179.5 million in pre- and post-judgment interest.
The appeal process is expected to continue through 2024, concluding by mid-2025.