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TC Energy Corporation (TRP)

NYSE - Nasdaq Real-time price. Currency in USD
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38.82-0.34 (-0.87%)
At close: 03:59PM EDT
38.83 +0.01 (+0.03%)
After hours: 04:00PM EDT
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  • Reuters

    TC Energy to appeal $199 million payment in lawsuit related to Columbia Pipeline deal

    Vice Chancellor Travis Laster of the Delaware Chancery Court ruled that TC Energy needs to pay $199 million to sell-side shareholders of Columbia due to the company, along with two former executives of Columbia Pipeline, "not disclosing material information in the face of a duty to disclose." Filed in July 2018, ex-Columbia CEO Robert Skaggs and CFO Stephen Smith were accused of engineering a spin-off of Columbia from NiSource, and then selling Columbia to TC Energy at a lowball price to obtain lucrative change-of-control payments.

  • GlobeNewswire

    TC Energy to appeal Delaware court rulings in lawsuit related to 2016 Columbia Pipeline acquisition

    CALGARY, Alberta, May 15, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) strongly disagrees with the final decision issued today by the Delaware Chancery Court (the “Court”) allocating liability for earlier determined damages in an ongoing class action lawsuit related to TC Energy’s 2016 acquisition of Columbia Pipeline Group Inc. ("Columbia"). The Court previously held, in a decision issued in June 2023, that the former CEO and CFO of C

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