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Investors Can Take On Mass. Hatsopoulos Bros., Judge Rules

Law360, Boston (March 2, 2018, 9:59 PM EST) -- A federal judge in Massachusetts on Friday allowed a proposed class of investors to pursue contractual claims against a distinguished engineer and his business-savvy brother, who allegedly shorted one side in a 2016 merger of their energy-technology companies American DG Energy Inc. and Tecogen Inc.

U.S. District Judge Leo T. Sorokin denied in part a motion to dismiss allegations that George and John Hatsopoulos significantly undervalued ADGE in merging the ultra-efficient heating and cooling technology companies, both of which the brothers allegedly controlled.

But the judge...
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