OneRoof Energy CEO resigns, company settles arbitration claims as wind-down continues

By Kelly Pickerel OneRoof Energy, a residential solar services provider and wholly-owned subsidiary of OneRoof Energy Group, has entered into a mutual settlement agreement with Trinity Heating & Air, settling all claims between the parties. As previously disclosed on November 11, 2016, Trinity filed an arbitration action against OneRoof alleging various claims for breach of contract and common law fraud and seeking over $12.5 million in damages.
In response, OneRoof filed various counterclaims against Trinity. The terms of the settlement included (a) a payment of $1,070,000 to Trinity, $1 million of which was being held by a third party in respect of projects previously

Read Full Article Here

For more great articles: Solar Power World

(Visited 2 times, 1 visits today)



© 2014 RenewaNews