News & Analysis as of

Motion to Dismiss Electric Cooperative

Eversheds Sutherland (US) LLP

Litigation update on Alabama patronage capital cases

A recent Alabama Supreme Court decision has handed an important victory to electric cooperatives defending their patronage capital practices in the state. The court affirmed the trial court’s dismissal in Recherche LLC v....more

Holland & Knight LLP

Electric Cooperative Receives Favorable Interpretation of Excess Revenue Statute and Class Action Dismissal

Holland & Knight LLP on

A federal court's interpretation of an excess revenue statute could bring an end to many capital credit lawsuits brought by current and former members of rural electric cooperatives challenging the distribution of patronage...more

Holland & Knight LLP

Rural Electric Cooperatives Receive Dismissals in Class Action Capital Credit Litigation

Holland & Knight LLP on

Two recent dismissal orders – filed within days of each other – signal positive news to rural electric cooperatives defending actions brought by former or current members regarding the distribution of patronage capital and...more

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