Pattern Energy Securities Litigation

The Notice was directed to you because you may be a member of the class certified in the Federal Action on April 17, 2023 (“Class”). If you are uncertain whether you are a member of the Class, contact Class Counsel listed in FAQ 5 below, or your own attorney.

This is a securities class action against Defendants for alleged violations of the federal securities laws. Plaintiffs allege that Defendants made material misrepresentations and omissions of material facts in the Definitive Proxy Statement (“Proxy”) issued in connection with the Merger. Defendants deny the allegations of wrongdoing asserted in the Action and deny any liability whatsoever to any members of the Class.

The parties have recently entered into a Stipulation and Agreement of Settlement. A hearing on the proposed settlement will be heard in the Delaware Court of Chancery on May 3, 2024.

The Court has not made a ruling on the merits of Plaintiffs’ allegations or on Defendants’ denials and defenses. By establishing the Class and issuing notice, the Court is not suggesting that the Plaintiffs will win or lose this case.

On December 7, 2023, Judge Noreika issued an Order directing the administration of the settlement of the Federal Action and the Chancery Action on behalf of the following class:

All record and beneficial owners of PEGI common stock, as of March 16, 2020 (the date of the consummation of the Merger), who received Merger consideration, together with their respective successors and assigns, but excluding (i) Defendants; (ii) PEGI; (iii) any parent, subsidiary, or affiliate of Defendants that are entities; (iv) any person or entity who is or was on March 16, 2020 a partner, executive officer, director, or controlling person of the foregoing; (v) members of the immediate families of any of the foregoing; (vi) any entity in which any of the foregoing has or had on March 16, 2020 a controlling interest; (vii) Defendants’ directors’ and officers’ liability insurance carriers, and any parents, affiliates, or subsidiaries thereof; (viii) persons who held PEGI common units that were borrowed as part of a short sale transaction (only with respect to their holdings in such borrowed shares); and (ix) the legal representatives, agents, heirs, successors, and assigns of any excluded party.

If you are not sure whether you are included, you can ask for free help by writing to or calling the Administrator: Pattern Energy Securities Litigation, c/o Epiq Class Action & Claims Solutions, Inc., P.O. Box 6577, Portland, OR 97228-6577, 1-855-252-9408 (Toll-Free).

Any Class Member may object to the Settlement, the proposed Plan of Allocation, or Plaintiffs’ Counsel’s application for an award of attorneys’ fees and litigation expenses, including Plaintiffs’ applications for Incentive Awards (“Objector”); provided, however, that no Objector shall be heard or entitled to object unless, on or before April 15, 2024, such person (1) files their written objection, together with copies of all other papers and briefs supporting the objection specified in paragraph 74 below, with the Register in Chancery at the address set forth below; (2) serves such papers (electronically by File & ServeXpress, by hand, by first-class U.S. Mail, or by express service) on Plaintiffs’ Counsel and Defendants’ Counsel at the addresses set forth below; and (3) emails a copy of the written objection to nweinberger@labaton.com and chadJ@rgrdlaw.com.

If you have any questions concerning the matters raised in the notice, you may contact Counsel, as follows:

To assist the Court and the parties in maintaining accurate lists of Class Members, you are requested to mail notice of any changes in your address to the following address:

Pattern Energy Securities Litigation
c/o Epiq Class Action & Claims Solutions, Inc.
P.O. Box 6577
Portland, OR 97228-6577

If the Notice was forwarded to you by the postal service, or if it was otherwise sent to you at an address that is not current, you should immediately contact the Administrator, Epiq Class Action & Claims Solutions, Inc., at the address above or at 1-855-252-9408 (Toll-Free) and provide them with your correct address. If the Administrator does not have your correct address, you may not receive notice of important developments in this Action.

This website gives only a summary of the lawsuit and the claims asserted by Class Representatives. For more detailed information regarding the Action, you may review the court documents on the Documents page of this website or contact Class Counsel.

Complete copies of the pleadings, orders, and other documents filed in this Action are available at http://www.pacer.gov or at the office of the Clerk of Court at the United States District Court for the District of Delaware, 844 North King Street, Unit 18, Wilmington, DE 19801-3570, under Case No. 20-cv-275-MN-JLH.

Additional information relating to the pending settlement can be found here.