China Hydroelectric Sues Shareholders Over Takeover Plot

Law360, Los Angeles (September 11, 2012, 8:17 PM EDT) -- China Hydroelectric Corp. on Tuesday said it filed a lawsuit in New York federal court that accused a group of minority shareholders headed by private equity firm NewQuest Asia Fund I (G.P.) Ltd. of hatching a secret plot to seize control of the company and violating securities law.

The lawsuit accuses more than a dozen entities of banding together to expel China Hydroelectric's founders, senior executives and board members located outside of the People's Republic of China and claims the group omitted material facts about their...
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