Class Action
Apr. 4, 2025
Judge upholds rare defense verdict in $250M solar investment case
A Los Angeles federal judge upheld a jury's defense verdict for CMB Export LLC, saving it $250M in a rare class action by foreign investors over a Mojave Desert solar investment flop.
A federal judge in Los Angeles upheld a rare defense jury verdict that saved an investment company over $250 million in liability claims by a class of foreign investors who alleged the company did not deliver on promises regarding their investment in a Mojave Desert solar facility.
"It was a difficult and exhausting three-week jury trial. ... It's heartening that the jury understood the complexity, stayed engaged over the several weeks and rendered a complete defense verd...
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