Another big win for Tulsa’s Williams Cos. in its years-long fight with Energy Transfer after the two failed in their merger attempts some years ago.
Bloomberg reported a Louisiana court granted a permanent injunction to stop Energy Transfer (ET) from interfering with Williams’ Louisiana Energy Gateway natural gas project.
The ruling by Louisiana’s 36th Judicial District Court in Beauregard Parish is designed to stop Energy Transfer from interfering with any of the construction of seven pipeline crossings planned by Williams.
The injunction came after Williams Cos. proved to be a $495 million winner in its legal fight with Energy Transfer ever since the two could not reach agreement in their 2016 proposed merger. Energy Transfer had challenged the victory but the Delaware Supreme Court ruled in favor of Williams.
The original win for Williams put the blame on Energy Transfer when it walked away from the merger. The Delaware Chancery Court had awarded $410 million in damages and $85 million in legal fees to Williams and ruled against Energy Transfer’s attempt to obtain a $1.48 billion breakup fee.