Invenergy Renewables LLC v. Leaf Invenergy Company

Summary

The Supreme Court of Delaware affirmed the Court of Chancery’s award of nearly $30 million in prejudgment interest from the date of the Material Partial Sale. It held that the LLC agreement made the Target Multiple payable when the sale closed, and Leaf’s later surrender of its membership interest did not delay accrual because surrender was not a prerequisite to Leaf’s contractual right. The court also denied Leaf’s informal request for attorney fees because no formal motion was filed.