Civil Litigation
Oct. 8, 2024
$845M judgment in solar Ponzi scheme case vacated
The ruling stems from litigation surrounding claims that solar power supplier company DC Solar Solutions Inc. engaged in a scheme to defraud investors into investing in solar power projects that it didn't have the capacity to carry out.
An $845 million judgment against a company accused of misrepresenting its ability to make solar generators has been vacated after a settlement was reached between the parties.
According to an order signed by Los Angeles County Judge Elihu M. Berle on Oct. 2, the parties "voluntarily participated in a settlement conference, where they were able to negotiate a global settlement to fully, finally, and forever resolve all disputes, issues, and claims as amongst them without the n...
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