May 03, 2024
A $100 million settlement ending state and federal court litigation over Pattern Energy Group Inc.'s $6.1 billion go-private sale in 2020 got the nod from Delaware's Court of Chancery on Friday, along with a requested $26 million fee award and two $25,000 incentive awards for the lead shareholder plaintiffs.
March 28, 2023
A Delaware federal judge has agreed to certify a narrowed class of investors who claim the renewable energy company Pattern Energy Group Inc. misled them during its $6.1 billion sale go-private sale in 2020.
January 04, 2023
A Delaware magistrate judge on Tuesday recommended certifying a class of shareholders who claim they were misled during the $6.1 billion sale of renewable energy company Pattern Energy Group Inc. but proposed narrowing the class to only those who held stock when the sale closed.
January 27, 2022
A Delaware federal magistrate judge on Thursday recommended that revamped federal claims alleging shareholders were led astray about the $6.1 billion sale of renewable power company Pattern Energy should proceed, saying the investors adequately backed up their claims this time around.
January 29, 2021
A magistrate judge has recommended tossing out a suit by shareholders of renewable power company Pattern Energy over the firm's $6.1 billion sale to the Canada Pension Plan Investment Board, saying the investors failed to state a claim on several fronts.
July 22, 2020
Shareholders of renewable power company Pattern Energy raised only bogus allegations of conflicts of interest tied to Pattern's $6.1 billion sale to the Canada Pension Plan Investment Board, a private equity owner of the company has told a Delaware federal court.
February 25, 2020
Pattern Energy's planned $6.1 billion sale to the Canada Pension Plan Investment Board is fraught with conflict and undervalues the company, a hedge fund said in a proposed class action filed Tuesday in Delaware federal court.