We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

PE Firm Accuses Power Co. Of Reneging On Investment Deal

Law360, New York (April 24, 2017, 7:10 PM EDT) -- A Connecticut-based private equity shop specializing in energy investments sued an energy company and its affiliates in New York court Monday, claiming they breached their obligations to pay a cash fee and hand over equity as part of a power plant acquisition.

New Canaan Capital Management LLC alleges that Erie Power LLC, Ozado Power LLC and GP Genco LLC breached a contract stemming from an investment agreement. Erie was supposed to pay the private equity firm a cash fee and give it a 20 percent equity interest in a special purpose vehicle created to acquire the power plant, in exchange for...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS