Class Trimmed In Headwaters Fraud Suit Over Coal IP

Law360, New York (August 10, 2010, 5:48 PM EDT) -- A federal judge has partially granted a bid by Headwaters Inc. to dismiss several categories of unnamed plaintiffs in a class action accusing the company of defrauding former shareholders of now-defunct Adtech Inc. through a scheme to transfer a patent for coal agglomeration technology.

Judge Jon P. McCalla of the U.S. District Court for the Western District of Tennessee dismissed several heirs of Adtech shareholders and bankrupt individuals who had joined the class action as unnamed plaintiffs, but denied Headwaters' bid to dismiss the rest of...
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