Wind Turbine Maker Looks To Secure $60M Arbitration Award

Law360, New York (September 4, 2012, 9:13 PM EDT) -- First Wind Energy LLC asked a New York state court Tuesday to order an attachment of nearly $60 million against private equity-owned Clipper Windpower LLC over fears the troubled company will be unable to satisfy a potential breach of contract arbitration award.

In a petition to New York Supreme Court, First Wind says that an order of attachment is necessary to ensure that any award it receives as a result of pending arbitration over an unfulfilled 2007 turbine supply contract is not rendered ineffectual by Clipper's...
To view the full article, register now.