HALISTER: MORE: Energy Transfer Judge Says Tax-Letter Good Faith Is Issue

MORE: Energy Transfer Judge Says Tax-Letter Good Faith Is Issue

(Bloomberg) -- (adds expected testimony). The judge overseeing the trial between Williams Cos. and Energy Transfer Equity said a key issue in the case will be the good faith of the lawyers who concluded the merger is marred by tax complications.
  • Energy Transfer’s tax lawyers previously concluded that the merger wouldn’t pass IRS muster
  • Judge in Delaware says during trial: “It matters if it was made in good faith.”
  • Williams is calling a tax law expert from the University of San Diego who is expected to say that the tax issues shouldn’t stop the merger.
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Alert: HALISTER
Source: BFW (Bloomberg First Word)

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ETE US (Energy Transfer Equity LP)
WMB US (Williams Cos Inc/The)

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