October 8, 2018 / 11:40 PM / a month ago

Midstream operator aims to take Exco's 'divisional merger' to trial

Enterprise Products Partners LP is seeking to keep a $237 million lawsuit against bankrupt energy producer Exco Resources Inc going in state court, arguing the case will help develop Texas law on so-called divisional mergers.

Enterprise sued Exco in September 2016, claiming Exco’s split into two companies a month earlier was a ploy to escape contractual obligations. Enterprise had provided marketing and transport services for Exco gas.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2QE6nI8

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