In re Pattern Energy Group Inc. Securities Class Action

  1. May 03, 2024

    Chancery OKs Record-Breaking $100M Pattern Energy Deal

    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.

  2. March 28, 2023

    Energy Co. Investors Nab Partial Class Cert. Over $6.1B Deal

    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.

  3. January 04, 2023

    Judge Recommends Class Cert. In $6.1B Energy Deal Fight

    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.

  4. January 27, 2022

    Judge Says $6.1B Energy Deal Fight Can Proceed, This Time

    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.

  5. January 29, 2021

    Judge Says Challenge To $6.1B Energy Go-Private Deal Fails

    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.

  6. July 22, 2020

    Pattern Energy Looks To Ax Suit Over $6.1B Go-Private Deal

    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.

  7. February 25, 2020

    Hedge Fund Sues Pattern Energy Over $6.1B Go-Private Deal

    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.

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