Business

Judge approves El Paso lawsuit settlement

By Randall Chase
Published December 3, 2012 10:22pm ET
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Judge approves El Paso lawsuit settlement
FIlE - In this May 26, 2005, file photo, El Paso Corp.'s Houston headquarters building is reflected in its logo in in downtown Houston. A Delaware judge is approving a $110 settlement in a shareholder lawsuit challenging Kinder Morgan Inc.'s $21 billion acquisition of El Paso Corp., on Monday, Dec. 3, 2012, a deal that created the country's largest natural gas pipeline operator. (AP Photo/Pat Sullivan, file) | PAT SULLIVAN

WILMINGTON, Del. (AP) — A Delaware judge is approving a $110 settlement in a shareholder lawsuit challenging Kinder Morgan Inc.’s $21 billion acquisition of El Paso Corp., which created the country’s largest natural gas pipeline operator.

Chancellor Leo Strine Jr. approved the settlement following a hearing Monday.

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