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The judge allowed Kinder Morgan’s (KMI +1%) purchase of El Paso (EP +0.3%) to move...

The judge allowed Kinder Morgan’s (KMI +1%) purchase of El Paso (EP +0.3%) to move forward, but his remarks that the deal was reached under “disturbing” circumstances signal more legal fights ahead. The actions of EP CEO Doug Foshee and Goldman Sachs (GS) leave shareholders with “a reasonable likelihood of success in proving that the merger was tainted by disloyalty," the judge says.
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