Investors Fight Chancery Toss Of $600M Utah Mine Sale Suit

Law360 (April 13, 2021, 9:33 PM EDT) -- Minority unitholders of Skye Mineral Partners LLC who were sued over an alleged loan-to-own scheme for a more-than $600 million Utah copper mine subsidiary in 2018 urged a Delaware vice chancellor on Tuesday to send to trial counterclaims accusing controlling investors of running their own takeover gambit.

Vice Chancellor Joseph R. Slights III said after a videoconference argument that he would issue a written decision on the dismissal motions targeting the six-part counterclaim filed by several parties defending in the original case, led by minority LLC members DXS Capital (U.S.) Limited and PacNet Capital (U.S.) Limited.

The vice chancellor in February...

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