Tc Energy Corporation (TSE:TRP) has released an update.
TC Energy Corporation is set to challenge the Delaware Chancery Court’s decision that holds them partly liable for a $398.4 million damages award related to their acquisition of Columbia Pipeline Group in 2016. The company disputes the court’s findings, arguing that they are inconsistent with Delaware law, and is responsible for half of the damages amounting to $199.2 million plus interest. An appeal will be filed with the intent to resolve the matter by mid-2025, with a bond posted to defer payment during the appeal process.
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