Judge Won't Toss Pentair, Wicor Deal Dispute

Law360, New York (September 11, 2009, 2:12 PM EDT) -- A federal judge has refused to dismiss a dispute related to Pentair Inc.'s acquisition of Wicor Inc., a subsidiary of Wisconsin Energy Corp., over whether the parent breached the stock purchase agreement and misrepresented in a warranty the money available for Wicor's workers' compensation reserve.

Judge Patrick J. Schiltz of the U.S. District Court for the District of Minnesota on Thursday refused to grant summary judgment to Wisconsin Energy, saying the utility provided warranties relating to the financial health of Wicor, which makes water system, filtration...
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