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Boardwalk Pipeline +9% after class action lawsuit settlement

Jun. 26, 2018 12:35 PM ETBoardwalk Pipeline Partners, LP (BWP) StockL, BWPBy: Carl Surran, SA News Editor19 Comments
  • Boardwalk Pipeline Partners (BWP +8.8%) enjoys strong gains after confirming a settlement in the class action litigation filed by TAM Capital Management and other investors in connection with the potential exercise of the call right for its common units.
  • In summary, if BWP general partner Loews (L -0.4%) elects to exercise its call right no later than June 29, all claims relating to the litigation will be released and the litigation ended, subject to court approval.

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