Srinivas M. Raju

Director

302.651.7748
302.498.7748 (fax)
raju@rlf.com
Srinivas Raju focuses his practice on corporate advisory, corporate governance, transactional and complex litigation matters relating to Delaware corporations and alternative entities.  Vice chair of the firm's Corporate Department, Srini has litigated numerous corporate control, corporate governance and contractual disputes in the Delaware Court of Chancery and the Delaware Supreme Court.  He has also advised corporate boards, special committees and general partners with respect to governance and transactional issues.  Srini is a frequent speaker and author on fiduciary duty and governance issues, particularly with respect to Delaware alternative entities.
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Select Experience

  • Represented Conflicts Committee of EQT Midstream Partners in connection with its acquisition of Sunrise Pipeline from EQT Corporation, the corporate sponsor of EQT Midstream, in June 2013
  • Represented Conflicts Committee of Inergy, L.P. in connection with a $7 billion business combination involving Inergy, L.P., Inergy Midstream, L.P. and Crestwood Midstream Partners LP in May 2013.
  • Represented Conflicts Committee of Niska Gas Storage Partners LLC in connection with an equity restructuring transaction in April 2013 in which Niska’s existing incentive distribution rights and subordinated units were combined and restructured as a new class of incentive distribution rights.
View Experience >

Srinivas M. Raju focuses his practice on corporate advisory, corporate governance, transactional, and complex litigation matters relating to Delaware corporations and alternative entities.  Vice chair of the Corporate Department and also a member of the Business Department, Srini has litigated numerous corporate control, corporate governance, and contractual disputes in the Delaware Court of Chancery and the Delaware Supreme Court.  He has also advised corporate boards, special committees, and general partners with respect to governance and transactional issues.

A frequent speaker on fiduciary duty and governance issues, particularly with respect to Delaware alternative entities, Srini has also published numerous articles on these topics, including articles published in The Business Lawyer, Securities & Commodities Regulation, Delaware Journal of Corporate Law, and Insights. Earlier in his career, prior to entering law school, Srini was an accountant and obtained certification as a certified public accountant for the State of Illinois.

Experience

Representative Transactional and Special Committee Experience

  • Represented Conflicts Committee of Inergy, L.P. in connection with a $7 billion business combination involving Inergy, L.P., Inergy Midstream, L.P. and Crestwood Midstream Partners LP in May 2013.   
  • Represented Conflicts Committee of Niska Gas Storage Partners LLC in connection with an equity restructuring transaction in April 2013 in which Niska’s existing incentive distribution rights and subordinated units were combined and restructured as a new class of incentive distribution rights.
  • Represented Conflicts Committee of Access Midstream Partners in connection with the acquisition of over $2.1 billion of assets from Chesapeake Corporation and the strategic investment in Access Midstream by The Williams Companies and Global Infrastructure Partners in December 2012.
  • Represented the Conflicts Committee of Targa Resources Partners in connection with numerous transactions by which Targa acquired various assets from an affiliate of its general partner.
  • Represented the Conflicts Committee of Global Partners in connection with Global Partners entering into an agreement with an affiliate of its general partner in November 2011 to acquire a network of retail gasoline stations and related assets.
  • Represented the conflicts committee of Chesapeake Midstream Partners in connection with numerous transactions by which Chesapeake Midstream acquired various assets from an affiliate of its general partner.
  • Represented the conflicts committee of Penn Virginia Resource Partners in connection with a combination with its affiliate, Penn Virginia GP Holdings, that resulted in a simplification of its capital structure.
  • Represented Conflicts Committee of Magellan Midstream Partners in connection with a simplification transaction involving Magellan Midstream Holdings.
  • Represented Conflicts Committee of Pacific Energy Partners in connection with the acquisition of Pacific Energy Partners by Plains All-American Pipeline.
  • Represented Board of Directors of Security Capital Corporation in connection with sale of company through full auction process and in litigation challenging sale transaction.
  • Represented Lazard in connection with its initial public offering and related transactions.
  • Represented Special Committee of AMC Entertainment, Inc. in connection with going-private transaction.

Representative Litigation Experience

  • Successfully defended Conflicts Committee of Inergy, L.P. in opposing an application for a preliminary injunction to enjoin the transaction by which Inergy would acquire its general partner in order to simplify its capital structure.
  • Successfully defended Conflicts of Committee of Encore Energy Partners in litigation challenging the sale of Encore to Vanguard National Resources LLC.
  • Successfully defended Attachmate Corporation in connection with a lawsuit by a stockholder of Novell, Inc. that Attachmate acted wrongfully in connection with its acquisition of Novell.
  • Lead counsel in litigation in Delaware Court of Chancery involving dissolution and winding up of GE Capital financed oil and gas limited partnership.
  • Successfully defended publicly traded bank holding company in opposing temporary restraining order to enjoin merger transaction in the Delaware Court of Chancery.

Publications

  • "Special Committees: Law and Practice," LexisNexis, June 25, 2014   View >
  • "Fiduciary Duties in the Alternative Entity Context," ABA, August 16, 2012   View >
  • "Delaware Alternative Entities and the Implied Covenant of Good Faith and Fair Dealing Under Delaware Law, 60 Bus. Law 1469," August 2005   View >
  • "A Process - Based Model for Analyzing Deal Protection Measures, 55 Bus. Law 1609," August 2000   View >

Presentations

  • "Delaware Law Developments 2014: What All Business Lawyers Need to Know," May 28, 2014   View >
  • "Drafting Contractual Fiduciary Duties in LLC Agreements - New Developments and Best Practices," October 17, 2013   View >
  • "Delaware Corporate Law Video Update
    June 2013," June 25, 2013   View >
  • "Delaware Law Developments 2013: What All Business Lawyers Need to Know," May 29, 2013   View >
  • "Delaware Corporate Law Video Update
    March 2013," March 14, 2013   View >
  • "Delaware Corporate Law Webinar
    November 2011," November 8, 2011   View >
  • "Lyin', Cheatin' and M&A Stealin': Negotiating the Fraud Exception," October 13, 2011   View >
  • "Recent Developments in the Delaware Courts," October 5, 2011   View >
  • "29th Annual Business Law Institute," October 22, 2010   View >
  • "University of Texas' School of Law's 6th Annual Mergers and Acquisitions Institute," September 30, 2010   View >
  • "Delaware Law Developments 2010: What All Business Lawyers Need to Know," May 6, 2010   View >
  • "The 28th Annual Federal Securities Institute," February 11, 2010   View >

Awards

  • Chambers USA
  • Benchmark Litigation 
  • The Best Lawyers in America
  • Lawdragon
  • Super Lawyers
  • The Legal 500

Education

  • J.D., cum laude, Georgetown University Law Center, 1994
  • B.S., Indiana University, 1990

Admitted to Practice

  • Delaware

Experience

Representative Transactional and Special Committee Experience

  • Represented Conflicts Committee of Inergy, L.P. in connection with a $7 billion business combination involving Inergy, L.P., Inergy Midstream, L.P. and Crestwood Midstream Partners LP in May 2013.   
  • Represented Conflicts Committee of Niska Gas Storage Partners LLC in connection with an equity restructuring transaction in April 2013 in which Niska’s existing incentive distribution rights and subordinated units were combined and restructured as a new class of incentive distribution rights.
  • Represented Conflicts Committee of Access Midstream Partners in connection with the acquisition of over $2.1 billion of assets from Chesapeake Corporation and the strategic investment in Access Midstream by The Williams Companies and Global Infrastructure Partners in December 2012.
  • Represented the Conflicts Committee of Targa Resources Partners in connection with numerous transactions by which Targa acquired various assets from an affiliate of its general partner.
  • Represented the Conflicts Committee of Global Partners in connection with Global Partners entering into an agreement with an affiliate of its general partner in November 2011 to acquire a network of retail gasoline stations and related assets.
  • Represented the conflicts committee of Chesapeake Midstream Partners in connection with numerous transactions by which Chesapeake Midstream acquired various assets from an affiliate of its general partner.
  • Represented the conflicts committee of Penn Virginia Resource Partners in connection with a combination with its affiliate, Penn Virginia GP Holdings, that resulted in a simplification of its capital structure.
  • Represented Conflicts Committee of Magellan Midstream Partners in connection with a simplification transaction involving Magellan Midstream Holdings.
  • Represented Conflicts Committee of Pacific Energy Partners in connection with the acquisition of Pacific Energy Partners by Plains All-American Pipeline.
  • Represented Board of Directors of Security Capital Corporation in connection with sale of company through full auction process and in litigation challenging sale transaction.
  • Represented Lazard in connection with its initial public offering and related transactions.
  • Represented Special Committee of AMC Entertainment, Inc. in connection with going-private transaction.

Representative Litigation Experience

  • Successfully defended Conflicts Committee of Inergy, L.P. in opposing an application for a preliminary injunction to enjoin the transaction by which Inergy would acquire its general partner in order to simplify its capital structure.
  • Successfully defended Conflicts of Committee of Encore Energy Partners in litigation challenging the sale of Encore to Vanguard National Resources LLC.
  • Successfully defended Attachmate Corporation in connection with a lawsuit by a stockholder of Novell, Inc. that Attachmate acted wrongfully in connection with its acquisition of Novell.
  • Lead counsel in litigation in Delaware Court of Chancery involving dissolution and winding up of GE Capital financed oil and gas limited partnership.
  • Successfully defended publicly traded bank holding company in opposing temporary restraining order to enjoin merger transaction in the Delaware Court of Chancery.

Education

  • J.D., cum laude, Georgetown University Law Center, 1994
  • B.S., Indiana University, 1990

Publications

  • "Special Committees: Law and Practice," LexisNexis, June 25, 2014   View >
  • "Fiduciary Duties in the Alternative Entity Context," ABA, August 16, 2012   View >
  • "Delaware Alternative Entities and the Implied Covenant of Good Faith and Fair Dealing Under Delaware Law, 60 Bus. Law 1469," August 2005   View >
  • "A Process - Based Model for Analyzing Deal Protection Measures, 55 Bus. Law 1609," August 2000   View >

Presentations

  • "Delaware Law Developments 2014: What All Business Lawyers Need to Know," May 28, 2014   View >
  • "Drafting Contractual Fiduciary Duties in LLC Agreements - New Developments and Best Practices," October 17, 2013   View >
  • "Delaware Corporate Law Video Update
    June 2013," June 25, 2013   View >
  • "Delaware Law Developments 2013: What All Business Lawyers Need to Know," May 29, 2013   View >
  • "Delaware Corporate Law Video Update
    March 2013," March 14, 2013   View >
  • "Delaware Corporate Law Webinar
    November 2011," November 8, 2011   View >
  • "Lyin', Cheatin' and M&A Stealin': Negotiating the Fraud Exception," October 13, 2011   View >
  • "Recent Developments in the Delaware Courts," October 5, 2011   View >
  • "29th Annual Business Law Institute," October 22, 2010   View >
  • "University of Texas' School of Law's 6th Annual Mergers and Acquisitions Institute," September 30, 2010   View >
  • "Delaware Law Developments 2010: What All Business Lawyers Need to Know," May 6, 2010   View >
  • "The 28th Annual Federal Securities Institute," February 11, 2010   View >

Awards

  • Chambers USA
  • Benchmark Litigation 
  • The Best Lawyers in America
  • Lawdragon
  • Super Lawyers
  • The Legal 500