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27 Mar 2023, 9:01 pm
This figure is significantly lower than in 2016, when the Delaware Court of Chancery effectively put an end to the practice of disclosure-only settlements in In re Trulia Inc. [read post]
17 Nov 2022, 6:30 am
Most recently, however, the Court of Chancery has again emphasized that Caremark claims are among the most difficult on which a plaintiff can hope to withstand a motion to dismiss; and in several cases (Sorenson, NiSource, and now SolarWinds) the court has dismissed Caremark claims at the pleading stage notwithstanding its view that the board had failed to implement an effective monitoring system for key risks facing the company. [read post]
17 Nov 2022, 6:30 am
Most recently, however, the Court of Chancery has again emphasized that Caremark claims are among the most difficult on which a plaintiff can hope to withstand a motion to dismiss; and in several cases (Sorenson, NiSource, and now SolarWinds) the court has dismissed Caremark claims at the pleading stage notwithstanding its view that the board had failed to implement an effective monitoring system for key risks facing the company. [read post]
13 May 2022, 1:16 pm
Columbia Gas of Maryland Inc., a subsidiary of NiSource Inc. filed a request Friday with the Maryland Public Service Commission (PSC) to approve a rate increase to generate an annual revenue increase of $7.1 million for further upgrading and replacing portions of the company’s underground natural gas distribution pipelines. [read post]
24 May 2021, 1:19 pm
Indeed as William Savitt of the Wachtell, Lipton, Rosen & Katz law firm noted in a May 21, 2021 post on the Harvard Law School Forum on Corporate Governance (here), on May 4, 2021 plaintiff shareholders filed a Delaware Chancery Court complaint against the directors of NiSource, Inc., in connection with a tragic 2018 accident when an explosion of one of the company’s pipelines caused a mass evacuation, numerous injuries, and one death. [read post]
21 May 2021, 5:54 am
In a recently filed complaint, stockholders of NiSource, Inc, a natural gas supplier, sued to hold the company’s directors liable for breach of fiduciary duty arising out of a tragic 2018 pipeline accident that caused one fatality, multiple injuries, and mass evacuations. [read post]
14 May 2021, 11:25 am
Columbia Gas of Maryland Inc., a subsidiary of NiSource Inc., filed a request Friday with the Maryland Public Service Commission (PSC) to approve revised rates for further upgrading and replacing portions of the company’s underground natural gas distribution pipelines. [read post]
4 Mar 2021, 5:00 am
Columbia became a public company in 2015 when it was spun off from NiSource Inc. [read post]
8 Jul 2020, 11:55 am
Its parent company, NiSource Inc., was ordered to sell off its subsidiary. [read post]
27 Mar 2020, 1:43 pm
The NiSource Charitable Foundation, the charitable foundation supported by NiSource Inc., Friday announced it has committed to $1 million in donations to provide coronavirus (COVID-19) relief support across Maryland and its seven-state service territory. [read post]
24 Mar 2020, 7:41 am
Their parent company, NiSource Inc., was forced to sell the business, which was bought recently by Eversource. [read post]
13 Aug 2019, 5:53 am
Columbia became a public company in 2015 when it was spun off from NiSource Inc. [read post]
3 Nov 2018, 6:57 am
NiSource Inc., the parent company of Columbia Gas, is under criminal investigation by the Massachusetts U.S. [read post]
3 Nov 2018, 6:57 am
NiSource Inc., the parent company of Columbia Gas, is under criminal investigation by the Massachusetts U.S. [read post]
2 Nov 2018, 8:34 am
Columbia Gas and its parent company Nisource Inc. have understandably faced heavy criticism from the victims and the general public. [read post]
14 Sep 2018, 1:52 pm
Alleged Causes of the Gas Explosions Columbia Gas, a subsidiary of NISOURCE, Inc., (NYSE: NI), has been involved in other gas explosion incidents (Springfield, MA – November of 2012) and have been fined on multiple occasions by the Massachusetts Department of Public Utilities. [read post]
13 Apr 2018, 1:23 pm
Columbia Gas of Maryland, Inc., a subsidiary of NiSource Inc., filed a request Friday with the Public Service Commission of Maryland to adjust its base rates for distribution service so it can continue to replace aging pipeline and adopt pipeline safety upgrades. [read post]
10 Sep 2017, 3:07 pm
KAYATTA, PIERCE ATWOOD LLP.TRANSWORLD SYSTEMS INC, Defendant, represented by ADAM J. [read post]
14 Apr 2017, 11:39 am
Columbia Gas of Maryland, Inc., a subsidiary of NiSource Inc., filed a request Friday with the Maryland Public Service Commission for a rate hike to raise $6 million, or up to a 16.54 percent rate jump for consumers, to replace aging pipe and adopt pipeline safety upgrades. [read post]
13 Feb 2014, 5:54 am
A NiSource Inc. [read post]
