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Case Status:    DISMISSED    
On or around 06/08/2011 (Court's order of dismissal)

Filing Date: October 13, 2010

This action stems from a proposed transaction announced on August 9, 2010, pursuant to which Inergy Holdings L.P., a supplier of propane to the retail market, will be sold to Inergy Holdings GP, LLC, NRGP Limited Partner, LLC, NRGP MS, LLC, and Inergy, L.P. (the "Partnership").

According to the Complaint filed on October 13, 2010, the Proposed Transaction under dispute was grossly inadequate and unfair and was arrived at by an unfair and tainted process that was intended to provide valuable assets of Inergy Holdings to Defendants for unfair and inadequate consideration. Defendants have acted together, in concert, or in conspiracy to the detriment of Inergy Holdings and in breach of the Holdings GP and Director Defendants' fiduciary duties to Inergy Holdings.

The Merger Agreement also provides that upon the closing of the Merger, the director of Holdings GP that does not currently serve on the Partnership board of directors will be invited to join the board of Partnership GP.

On December 07, 2010, an order was submitted after the parties informed the Court that they are finalizing settlement documentation for this case and several state court cases waiting for approval by the Circuit Court of Jackson County, Missouri at Kansas City.

On June 7, 2011, the Plaintiffs filed a joint motion to dismiss the case with prejudice. The parties jointly moved the Court to dismiss with prejudice the case on the basis that it has become moot by virtue of a settlement that was approved in state court. According to the Order of Dismissal granted by District Judge Scott O. Wright on June 8, 2011, the case is hereby dismissed with prejudice, with each party to bear its own costs.

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