This Week in Chancery Court: Brookfield’s TerraForm Buyout

Brookfield Asset Management Inc. faces a revived lawsuit this week in the Delaware Chancery Court over its $3.3 billion buyout of TerraForm Power Inc.

Here’s a look at what else is on the Chancery Court calendar:

Tuesday: Dearborn Police & Fire Rev. Ret. Sys. v. Brookfield Asset Mgmt. Inc., Del. Ch., No. 2022-0097, hearing 9/17/24.

At issue: A pension fund challenging Brookfield’s buyout of TerraForm is asking the court to deem elements of their complaint admitted and strike allegedly inadequate defenses. The suit was revived after the Delaware Supreme Court reversed Chancellor Kathaleen St. Jude McCormick’s 2023 dismissal, according ...