Wagstaff & Cartmell’s client, FreeStream Capital LLC, a wind advisory and consultancy services company with offices in Houston and in London, was granted summary judgment in an action brought by a bankruptcy trustee in the U.S. District Court for the District of Kansas seeking $13 million under state law and bankruptcy code claims.
The court also granted FreeStream’s motion to distribute its portion of a nearly $9 million judgment obtained in Pennsylvania federal court, which was being held in the District of Kansas bankruptcy court registry. The trustee sought to stay distribution of the funds and to expedite an appeal to the Tenth Circuit. The court denied the trustee’s motion and declined to stay the distribution. These rulings end more than three years of litigation for FreeStream, which arose from the development and sale of wind energy projects to a subsidiary of energy giant Edison International.