Debevoise & Plimpton LLP successfully represented D. E. Shaw Composite Holdings, L.L.C. and Madison Dearborn Partners IV, L.P. in the lawsuit.
D. E. Shaw Composite Holdings, L.L.C. (“D. E. Shaw”) and Madison Dearborn Partners IV, L.P. (“Madison Dearborn”) won their lawsuit against TerraForm Power, LLC and TerraForm Power, Inc. (“TerraForm”) for breach of contract arising from the plaintiffs’ 2014 sale of the renewable energy company First Wind Holdings to TerraForm and SunEdison Inc.
The suit filed in the Supreme Court of New York, Commercial Division closed with a decision by Justice Jennifer Schecter, requiring payment of the full contractual damages plus 9% pre-judgment interest, for a total damages award of approximately $325 million.
The Debevoise team was led by partner Shannon Rose Selden (Picture), who leads the firm’s Asset Management Litigation practice, and by counsel Wendy Reilly, and included associates Melanie Burke, Brandon Fetzer, Ryan Kocse, Matthew Sorensen, Austin Clarke, and Daniel Joiner.
Involved fees earner: Melanie Burke – Debevoise & Plimpton; Austin Clarke – Debevoise & Plimpton; Brandon Fetzer – Debevoise & Plimpton; Daniel Joiner – Debevoise & Plimpton; Ryan Kocse – Debevoise & Plimpton; Wendy Reilly – Debevoise & Plimpton; Shannon Rose Selden – Debevoise & Plimpton; Matthew Sorensen – Debevoise & Plimpton;
Law Firms: Debevoise & Plimpton;