A prominent engineer and his business-minded brother dodged a proposed investor class action on Friday when a Massachusetts federal judge ruled that the shareholders failed to back up their remaining breach of fiduciary claims in a suit alleging that they were shortchanged in a 2016 merger between the brothers' energy-technology companies.
The fate of a lawsuit by investors who claim they were shortchanged in the merger of two green energy companies will likely depend on which of two standards for disputed transactions is applied, a Massachusetts federal judge said Friday.
Hatsopolous Bros. Beat Investor Suit Over Energy Co. Merger
Investors, Energy Co. Wrangle Over ‘Entire Fairness Doctrine’