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LOEWS CORPORATION ANNOUNCES REVERSAL OF TRIAL COURT DECISION IN BOARDWALK PIPELINES ACQUISITION LITIGATION

PR Newswire - Tue Dec 20, 2022

NEW YORK, Dec. 20, 2022 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that the Delaware Supreme Court reversed the November 2021 decision of the Delaware Court of Chancery that had awarded former minority unitholders in its Boardwalk Pipelines subsidiary approximately $690 million, plus interest. This award was in connection with Loews's 2018 acquisition of Boardwalk units.

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