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NYGAARD SERVED AS CO-LEAD COUNSEL ON $200 MILLION KINDER-MORGAN CLASS ACTION

NYGAARD SERVED AS CO-LEAD COUNSEL ON $200 MILLION KINDER-MORGAN CLASS ACTION

Diane A. Nygaard was co-counsel in this shareholder derivative case that resulted in a $200 million class action settlement on behalf of stockholders of Kinder Morgan, Inc. (KMI). Nygaard served as co-lead counsel for the shareholders of Kinder Morgan. A buyout group lead by KMI’s largest stockholder and Chairman, Richard Kinder, took the company private in 2006. The KMI Buyout was one of the largest management-led buyouts in corporate history, which shareholders challenged because insiders paid shareholders less for their stock than was reasonable. After protracted litigation, the Defendants agreed to pay the shareholders $200 million more for their shares. This amount was distributed to Kinder Morgan shareholders. Click to read more about Kinder Morgan Shareholders Derivative Litigation.

November 4, 2015