Inergy

Inergy LP’s operations include a natural gas storage business in Texas and an NGL supply logistics, transportation, and wholesale marketing business that serves customers in the United States and Canada. Inergy is also engaged in the development and operation of a natural gas and NGL storage and transportation business in the Northeast region of the United States.

Case description: Alleged excess purchase price and breach of fiduciary duty by the Board of Directors of Inergy L.P. in connection with its acquisition of its General Partner, Inergy Holdings

Cypress was offered as an expert witness on behalf of the Defendant with respect to Master Limited Partnerships, the valuations of Inergy L.P. and Inergy Holdings and the appropriate acquisition exchange ratio.  The case settled.