$237M Fight Over Axed Power Plant Returns To NY State Court

Law360, New York (May 4, 2012, 7:10 PM EDT) -- A dispute over $237 million allegedly owed to investors in a now-canceled 283-megawatt power plant in Canada is heading back to New York state court after a federal judge agreed Wednesday that foreign entities involved on both sides precluded her from hearing the case.

U.S. District Judge Colleen McMahon chided defendant Greenfield South Power Corp. for requesting that the suit be sent to federal court on the grounds that non-U.S. citizens were involved.

The case concerns Canadian entities and two Cayman Islands-based limited partnerships that invested in the scrubbed project...
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