Would-Be Financiers' Breach Suit Toppled By Their Own Lies

Law360, Wilmington (July 31, 2017, 8:42 PM EDT) -- A father-son team of energy conversion financiers had the breach of fiduciary duty claims they lodged against their proposed partners defeated Monday in Delaware state court when a judge determined the pair had lied about their experience when forming the venture.

In a written opinion issued Monday, Vice Chancellor Tamika Montgomery-Reeves found that father Thomas and son Garrett McKenna had lied about their previous work financing oil-to-natural gas conversion projects for residential heating and that, based on these lies, the owners of energy transmission company Singer...
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