On or around 07/17/2017 (Other)
Filing Date: May 20, 2015
According to the Complaint, On May 6, 2015, the Buyout Group and the Partnership announced that they had entered into a series of agreements that will culminate in the Equity Partners and Crestwood Equity GP LLC, through CEQP ST SUB LLC and MGP GP, LLC (collectively referred to herein as the “Buyout Group”), acquiring all of the outstanding units of Crestwood Midstream in a unitfor- unit transaction.
According to the Complaint, the Board has breached its fiduciary duties by agreeing to the Merger for grossly inadequate consideration.
The parties entered into a Stipulation of Settlement on June 13, 2016. This Settlement was preliminarily approved on June 21. The Settlement was granted final approval on October 14.
Company & Securities Information
Defendant: Crestwood Midstream Partners LP
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: CMLP
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Lawrence G. Farber, et al. v. Crestwood Midstream Partners LP, et al.