Adviser's Fee Claims Pared In Fight Over $58M Cleantech Deal

Law360, New York (July 24, 2012, 7:59 PM EDT) -- A California federal judge on Monday sided with clean energy technology firm Altair Nanotechnologies Inc. in a dispute with financial adviser JMP Securities Inc., trimming JMP's allegations that it is entitled to higher fees for advising on a $57.5 million investment Altair received in 2010.

JMP will have to rely on just a single breach of contract claim at a January trial to go after some $2.15 million it claims it is owed for helping Altair land the investment from Canon Investment Holding Ltd., a Chinese...
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