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Invenergy To Pay $1 In Damages For Investor Sale Dispute

Law360 (April 19, 2018, 7:30 PM EDT) -- Citing in part a corporate law doctrine of “efficient breach,” a Delaware vice chancellor on Thursday awarded Leaf Clean Energy Company just $1 in damages in an investment dispute with wind farm developer Invenergy Wind LLC that Leaf said should have triggered a $126 million cash-out.

Vice Chancellor J. Travis Laster’s opinion found that a Leaf affiliate suffered only “nominal” damages despite Invenergy’s failure to pay the $126 million Leaf said it should have gotten for its stake in the company. Leaf had argued that the...
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