Investors Fall Short On Claims Wind Co. Buyer Had 'Side Deal'

Law360 (June 9, 2021, 6:36 PM EDT) -- A Delaware vice chancellor said Tuesday there was no reliable evidence that the buyer of a wind farm company that was developing a project in Illinois struck a "nefarious side deal" to diminish the payout to minority stockholders.

Vice Chancellor Morgan T. Zurn said in an opinion that former minority holders of Relight U.S. offered no concrete evidence that Swift Current Energy LP took part in an improper scheme to lower the payments they would receive. Instead, Swift's behavior reflected its position as a self-interested buyer aiming to acquire an asset at a good price, according to the opinion. 

According to...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!