Cheniere may not have an easy road on compensation lawsuit

Shareholders have taken legal action to try to force executives of  Houston’s Cheniere Energy to return more than $1.6 billion in compensation.

And legal experts say that the executives — who have lined up financing and buyers for the U.S. natural gas exports — could face a tough legal battle.

FuelFix reporter Collin Eaton, in a story at HoustonChronicle.com,  dissects the issue and looks at the investors’ claims that shareholder votes on the compensation plan were improperly counted.

“It looks like a serious lawsuit,” William Bratton, a corporate law professor at the University of Pennsylvania, adding that a legitimate challenge in the Delaware Court of Chancery would get close scrutiny, said in the story.


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