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BLGH HOLDINGS LLC v. ENXCO LFG HOLDING, LLC

No. 531, 2011.

41 A.3d 410 (2012)

BLGH HOLDINGS LLC, Plaintiff Below, Appellant, v. ENXCO LFG HOLDING, LLC, Defendant Below, Appellee.

Supreme Court of Delaware.

Decided: March 27, 2012.

Attorney(s) appearing for the Case

Stephen B. Brauerman and Vanessa R. Tiradentes, Esquires , of Bayard, P.A., Wilmington, Delaware; of Counsel: Geoffrey J. Greeves (argued) and Daron T. Carreiro, Esquires , of Pillsbury Winthrop Shaw Pittman LLP, Washington, D.C.; for Appellant.

Frederick L. Cottrell, III , Anne Shea Gaza and Jason J. Rawnsley, Esquires , of Richards, Layton & Finger, P.A., Wilmington, Delaware; Of Counsel: Joel A. Mullin, Esquire (argued), of Stoel Rives LLP, Portland, Oregon; for Appellee.

Before HOLLAND, JACOBS and RIDGELY, Justices.

JACOBS, Justice:

In 2010, BLGH Holdings LLC, the plaintiff-below ("BLGH"), entered into an agreement with enXco LFG Holding, LLC, the defendant-below ("enXco"), to sell BLGH's renewable energy business—Beacon Landfill Gas Holdings, LLC ("Beacon")—to enXco. The Unit Purchase Agreement that governed the sale of Beacon (the "UPA") called for a purchase price of $12 million, plus a "bonus payment" to BLGH if certain conditions were met. The sale of Beacon...

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