Fusillade

Lawyers Join Kinder Morgan Buyout Frenzy

The management-led buyout of Kinder Morgan Inc. (KMI) sparked a rally in the company’s shares last week (see Daily GPI, May 31). This week it has launched a fusillade of class-action lawsuits that claim shareholders would be stiffed by the $100/share offer, “a grossly inadequate and unfair price.”

June 8, 2006