BROOKFIELD ASSET MANAGEMENT v. ROSSON

No. 406, 2020.

261 A.3d 1251 (2021)

BROOKFIELD ASSET MANAGEMENT, INC., Orion US Holdings 1 L.P., Brookfield BRP Holdings (Canada) Inc., Brian Lawson, Harry Goldgut, Richard Legault, Sachin Shah, and John Stinebaugh, Defendants-Below, Appellants/Cross-Appellees, v. Martin ROSSON and City of Dearborn Police and Fire Revised Retirement System (Chapter 23), Plaintiffs-Below, Appellees/Cross-Appellants.

Supreme Court of Delaware.

Decided: September 20, 2021.


Attorney(s) appearing for the Case

Kevin G. Abrams, Esquire , Eric A. Veres, Esquire , Stephen C. Childs, Esquire , Abrams & Bayliss LLP, Wilmington, Delaware. Of Counsel: John A. Neuwirth, Esquire (argued), Stefania D. Venezia, Esquire , Amanda K. Pooler, Esquire , Weil, Gotshal & Manges LLP, New York, New York for Appellants/Cross-Appellees.

Ned Weinberger, Esquire , Derrick Farrell, Esquire , Mark Richardson, Esquire , Labaton Sucharow LLP, Wilmington, Delaware; Peter B. Andrews, Esquire , Craig J. Springer, Esquire , David M. Sborz, Esquire , Andrews & Springer LLC, Wilmington, Delaware. Of Counsel: Steven J. Purcell, Esquire , Douglas E. Julie, Esquire (argued), Robert H. Lefkowitz, Esquire , Kaitlyn T. Devenyns, Esquire , Purcell Julie & Lefkowitz LLP, New York, New York; Jeremy S. Friedman, Esquire , David F.E. Tejtel, Esquire , Friedman Oster & Tejtel PLLC, Bedford Hills, NY for Appellees/Cross-Appellants.

Before SEITZ, Chief Justice; VALIHURA, VAUGHN, TRAYNOR, and MONTGOMERY-REEVES, Justices, constituting the Court en Banc.


This is an interlocutory appeal from an Opinion and Order of the Court of Chancery holding that Appellees/Cross-Appellants, former stockholders of TerraForm Power, Inc. ("TerraForm"), have direct standing to challenge TerraForm's 2018 private placement of common stock to Appellant/Cross-Appellees Brookfield Asset Management, Inc...

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