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Ҵý Corporation Comments on Delaware Court of Chancery Ruling

NEW YORK, Nov. 12, 2021 /PRNewswire/ -- Ҵý Corporation (NYSE: L) announced today that the Delaware Court of Chancery issued a ruling in the class action litigation relating to its 2018 acquisition of the minority limited partner interests in its Boardwalk Pipelines subsidiary.

The Court held that Ҵý breached the Boardwalk partnership agreement and awarded the class of former Boardwalk unitholders approximately $690 million, plus interest.

"We are disappointed in the Court's ruling today, and believe that the Court misinterpreted both the factual underpinnings of the case as well as the applicable law," said James S. Tisch, President and CEO of Ҵý Corporation. "We intend to appeal the ruling."

Ҵý Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries. For more information please visit .

SOURCE Ҵý Corporation