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Chancery Halts Texas Power Plant s Deep Freeze Suit For Now
Law360 (April 8, 2021, 8:23 PM EDT) Citing a contractual agreement to litigate in Delaware, the Chancery Court issued a temporary restraining order Thursday barring a Texas power plant from suing in that state to block collection of a $286 million bill run up during a freak Deep South freeze in February.
Ruling by telephone after videoconference arguments, Vice Chancellor Kathaleen S. McCormick found there was no doubt that a 2017 purchase agreement for La Frontera Holdings LLC s Odessa, Texas, plant contained a valid Delaware forum choice provision for disputes over seller earnout payments, which go to Wichita, Kansas-based Koch AG & Energy Solutions LLC.
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Koch Agronomic Services Acquires Compass Minerals North American Micronutrient Assets
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WICHITA, Kan., April 8, 2021 /PRNewswire/ Koch Agronomic Services, LLC (Koch) reached agreement with Compass Minerals (NYSE: CMP) to purchase Compass Minerals North American micronutrient assets, the global intellectual property rights, with trademarks and patents, and certain other assets associated with the Wolf Trax
®, Rocket Seeds
® and Hydro Bullet™ product platforms.
Through the acquisition of the micronutrient assets, Koch, a global leader in nitrogen management additives, will expand its ability to help growers across the world improve efficiency, utilization, and uptake of nutrients beyond nitrogen.
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