Chancery Asked To Revisit Energy Loan-To-Own Suit It Axed

Law360 (August 27, 2019, 6:56 PM EDT) -- Delaware's Court of Chancery was asked late Monday to revisit its dismissal of a suit accusing private equity investors of exploiting loans and stock warrants to gain control of a clean-energy financing business, with the company’s founder and an early investor claiming the court erred by ruling they had no standing to bring claims.

Energy Efficient Equity Inc. co-founder Jonathan Urdan and investor William Woodward assert that Vice Chancellor J. Travis Laster’s Aug. 19 decision to toss their suit against New Jersey-based firm WR Capital Partners LLC, a WR affiliate, and two WR fund managers incorrectly interpreted prior agreements related to...

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