Shareholders allege Tellurian breached fiduciary duty over Total investment

摘要

Tellurian is considering amending its corporate governance guidelines after being sued by two shareholders over an alleged failure to disclose material information in connection with Total’s proposed USD 200 million investment in the company. The US developer of the Driftwood LNG project in Louisiana on Friday issued fresh information relating to Total’s common stock purchase agreement (CSPA), revealing that the Tellurian board did not take independent financial advice on the purchase price or terms of the deal.