Solar Power Co. Accuses Ex-Insider Of Building, Selling Rival
Law 360 M&A
APRIL 15, 2024
Delaware-chartered solar energy venture Volt Energy Utility LLC has sued a former top officer in Chancery Court, alleging that while employed by Volt, she secretly launched a competing company, contacted Volt's lenders and customers and then sold the new business to a wholly owned subsidiary of Tokyo Gas Co. for $216 million.
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