Potter Anderson Successfully Defends NRG Energy in Reclassification Suit on MFW Grounds

The Delaware Court of Chancery dismissed a stockholder’s complaint against NRG Energy Inc., a leading integrated power company in the U.S. Chancellor Andre Bouchard ruled that the standards under the MFW precedent, which permits the court to defer to board members’ business judgment of a transaction, were met and were appropriately applied to NRG’s stock reclassification of its yieldco.

Partner Brian Ralston and associates Andrew Sauder and Mathew Golden served as counsel for NRG and four of its directors.

News of the dismissal was reported by Law360.

For an overview of Kahn v. M&F Worldwide Corp., read Potter Anderson’s case summary.

About Potter Anderson

Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.