Date: September 5, 2012
Source: FirmGreen Inc.
Background: In November last year, the Solid Waste Authority of Central Ohio (SWACO) and FirmGreen Inc. (Newport Beach, CA), its contractor to build a large landfill gas-to-energy project, ended their partnership with the settlement of various lawsuits filed against one another.
Subsequent to FirmGreen's filing of force majeure claims referenced and found in the previous agreement between the parties, SWACO filed suit against FirmGreen. FirmGreen filed countersuit, alleging SWACO was in material breach of its obligations under a number of contracts in place with FirmGreen, including an alleged misuse of FirmGreen's intellectual property. FirmGreen and SWACO collectively agreed to void the contract after return to FirmGreen of it's equipment, with an approximate valuation of about $4 million, and cancellation of all intellectual property rights previously issued to SWACO. FirmGreen has secured the rights to develop a subsequent project on a US Landfill, where it intends to deploy and put to use such equipment.
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