James Tisch | executive |
Jane Wang | executive |
[ The transcript was presubmitted by Loews Corporation. No live call was conducted for the fourth quarter earnings call. ] Loews had a strong fourth quarter, finishing the year with our consolidated subsidiaries producing stellar results.
Before discussing these financial results, however, I'd like to provide an update concerning the litigation related to our 2018 acquisition of the minority interest in Boardwalk Pipelines.
We are pleased to report that in late December of 2022 the Delaware Supreme Court ruled in Loews's favor, reversing the lower Court of Chancery's ruling that had awarded former Boardwalk minority unitholders damages in the amount of $690 million, plus interest -- or just over $900 million in total.