Private Equity Fund Dealt Blow In Fuel Fee Dispute

Law360, New York (February 5, 2010, 4:56 PM EST) -- A federal judge has ruled largely against private equity energy investors in their suit alleging that synthetic fuel technology company Headwaters Inc. failed to pay required fees under financing and licensing agreements, and seeking as much as $23.5 million in damages.

Judge William G. Young of the U.S. District Court for the District of Massachusetts on Thursday found that some fees may be owed to one of the private equity firm's affiliates, Coalco Corp., but expressing doubts about the affiliates' calculations. The case is set to...
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