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TRANSOCEAN GROUP HOLDINGS PTY LTD. v. SDSP

Civil No. 07-652 (JRT/FLN).

663 F.Supp.2d 731 (2009)

TRANSOCEAN GROUP HOLDINGS PTY LTD., directly on its own behalf and derivatively on behalf of High Plains Biofuels, Inc., and Transocean Global Biofuels Pty Ltd, directly on its own behalf and derivatively on behalf of High Plains Biofuels, Inc., Plaintiffs, v. SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, a limited liability company; Rodney Christianson, an individual; Daniel Feige, an individual; Rodney Skalbeck, an individual; and Thomas J. Kersting, an individual, Defendants.

United States District Court, D. Minnesota.

September 30, 2009.

Attorney(s) appearing for the Case

Eric A. Bartsch, Marc A. Al, Troy J. Hutchinson, and Steven R. Kluz, Stoel Rives LLP, Minneapolis, MN, for plaintiffs.

Alan I. Silver and Christopher R. Morris, Bassford Remele, PA, Minneapolis, MN, for defendants.

MEMORANDUM OPINION AND ORDER

JOHN R. TUNHEIM, District Judge.

This dispute is about failed plans for the parties to construct and operate a soybean biodiesel plant in Volga, South Dakota. Plaintiffs Transocean Group Holdings Pty Ltd. and Transocean Global Biofuels Pty Ltd. (collectively, "Transocean"), an Australian banking firm, discussed building the plant in cooperation with defendant South Dakota Soybean Processors ("SDSP"). In April 2006, the parties...

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