Tallgrass Energy, LP

Practice Area: 
Stock Symbol: 
TGE
Case Status: 
Investigations

Ademi & O’Reilly, LLP is investigating Tallgrass Energy (NYSE: TGE) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Tallgrass Energy to Blackstone.

Ademi & O’Reilly, LLP alleges Tallgrass Energy’s financial outlook is improving and yet shareholders will receive only $22.45 in cash per Class A Share of Tallgrass Energy. The merger agreement unreasonably limits competing bids for Tallgrass Energy by prohibiting solicitation of further bids, and imposing a termination penalty if Tallgrass Energy accepts a superior bid. Tallgrass Energy insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Tallgrass Energy’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Tallgrass Energy.