Simpson Thacher Obtains Dismissal of Marshall Islands Books and Records Lawsuit
06.22.22
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On June 21, 2022, the Firm secured the dismissal of a contractual books and records lawsuit asserted against Simpson Thacher client Seapeak by a unitholder of Seapeak’s predecessor Teekay LNG Partners L.P. (“TGP”), a Marshall Islands limited partnership. The Plaintiff alleged that TGP breached its contractual obligations under the limited partnership agreement by failing to provide certain books and records for inspection related to Stonepeak’s acquisition of TGP. In dismissing this claim, Justice Jennifer Schecter of the New York County Commercial Division found that New York lacks personal jurisdiction over Seapeak for this contractual books and records dispute and that the Plaintiff was not a “Limited Partner” as defined in the partnership agreement and as a result it had no right to request books and records.
The team received a “Shout Out” in The American Lawyer’s “Litigator of the Week” coverage.
The Simpson Thacher team consists of Stephen Blake, Bryan Jin, Ziwei Xiao and Anna Veross.