LOEWS CORPORATION

(L)
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Delayed Nyse  -  05/20 04:00:01 pm EDT
62.79 USD   -0.24%
05/11LOEWS CORP : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)
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05/10Loews Maintains Quarterly Dividend at $0.0625 a Share, Payable June 7 to Shareholders of Record May 25
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05/10Loews corporation announces quarterly dividend on common stock
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Loews Corporation Comments on Delaware Court of Chancery Ruling

11/12/2021 | 09:53am EDT

NEW YORK, Nov. 12, 2021 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that the Delaware Court of Chancery issued a ruling in the class action litigation relating to its 2018 acquisition of the minority limited partner interests in its Boardwalk Pipelines subsidiary.

The Court held that Loews breached the Boardwalk partnership agreement and awarded the class of former Boardwalk unitholders approximately $690 million, plus interest.

"We are disappointed in the Court's ruling today, and believe that the Court misinterpreted both the factual underpinnings of the case as well as the applicable law," said James S. Tisch, President and CEO of Loews Corporation. "We intend to appeal the ruling."

Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries. For more information please visit www.loews.com.

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View original content:https://www.prnewswire.com/news-releases/loews-corporation-comments-on-delaware-court-of-chancery-ruling-301423116.html

SOURCE Loews Corporation


© PRNewswire 2021
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