Loews Will Again Face Interference Claim Over Pipeline Buyout

Loews Corp. will face a claim that it interfered in a pipeline buyout for a third time, after the Delaware Supreme Court reversed a ruling that declined to impose damages over the disputed deal.

The ruling revives a key claim by affiliates of Bandera Partners LLC accusing Loews of interfering with the contract between Boardwalk Pipeline Partners LP and its investors in the take-private buyout.

The Delaware Supreme Court otherwise affirmed a trial court’s dismissal of Bandera’s bid for damages against Loews and Boardwalk. A majority opinion signed by Justice Gary F. Traynor found that Boardwalk had not unfairly manipulated ...