{"id":511690,"date":"2021-07-12T08:03:55","date_gmt":"2021-07-12T12:03:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\/"},"modified":"2021-07-12T08:03:55","modified_gmt":"2021-07-12T12:03:55","slug":"fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\/","title":{"rendered":"FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">DANBURY, Conn., July  12, 2021  (GLOBE NEWSWIRE) &#8212; <strong>FuelCell Energy, Inc. (Nasdaq: FCEL) <\/strong>&#8212; a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy\u2014 announced today that it has received a favorable ruling in a court case filed in the Court of Chancery in Delaware by POSCO Energy Co., Ltd. (POSCO Energy). On July 9, 2021, the Court issued a post-trial ruling denying POSCO Energy\u2019s summary statutory demand to inspect the Company\u2019s books and records because POSCO Energy lacks a proper purpose.\u00a0 The Court held that the totality of the circumstances, including the fact this was the seventh legal action POSCO Energy initiated against the Company within the span of nine months, confirmed that POSCO Energy\u2019s purpose in initiating the books and records demand and filing the complaint was not proper.<\/p>\n<p align=\"justify\">\u201cThe Court\u2019s decision represents a landmark victory for FuelCell Energy, as it is one of the few times that a Delaware court has denied a party\u2019s request to inspect a corporation\u2019s books and records based on an improper purpose defense,\u201d commented Jason Few, President and Chief Executive Officer, FuelCell Energy.\u00a0<\/p>\n<p align=\"justify\">Mr. Few continued, \u201cWe are proud of FuelCell Energy&#8217;s track record of commitment to the highest ethical standards, and compliance with the law. Commercially, we are excited to be engaged with the South Korean and broader Asian marketplace. FuelCell Energy looks forward to continuing its work in enabling the region\u2019s energy transformation to a cleaner future.\u201d<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em><br \/>\n            <u>About FuelCell Energy<\/u><br \/>\n          <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">FuelCell Energy, Inc. (NASDAQ: FCEL): FuelCell Energy is a global leader in sustainable clean energy technologies that address some of the world\u2019s most critical challenges around energy, safety and global urbanization. As a leading global manufacturer of proprietary fuel cell technology platforms, FuelCell Energy is uniquely positioned to serve customers worldwide with sustainable products and solutions for businesses, utilities, governments and municipalities. Our solutions are designed to enable a world empowered by clean energy, enhancing the quality of life for people around the globe. We target large-scale power users with our megawatt-class installations globally, and currently offer sub-megawatt solutions for smaller power consumers in Europe. To provide a frame of reference, one megawatt is adequate to continually power approximately 1,000 average sized U.S. homes. We develop turn-key distributed power generation solutions and operate and provide comprehensive service for the life of the power plant. Our fuel cell solution is a clean, efficient alternative to traditional combustion-based power generation, and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines. Our customer base includes utility companies, municipalities, universities, hospitals, government entities\/military bases and a variety of industrial and commercial enterprises. Our leading geographic markets are currently the United States and South Korea, and we are pursuing opportunities in other countries around the world. FuelCell Energy, based in Connecticut, was founded in 1969.<\/p>\n<p align=\"justify\">SureSource, SureSource 1500, SureSource 3000, SureSource 4000, SureSource Recovery, SureSource Capture, SureSource Hydrogen, SureSource Storage, SureSource Service, SureSource Treatment, SureSource Capital, FuelCell Energy, and FuelCell Energy logo are all trademarks of FuelCell Energy, Inc.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Contact<\/u><br \/>\n        <\/strong><br \/>\n        <strong>:<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p align=\"justify\">\n        <strong>FuelCell Energy, Inc.<\/strong><br \/>\n        <br \/>ir@fce.com<br \/>203.205.2491<br \/>Source: <strong>FuelCell Energy<\/strong><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3ODQ4NSM0MjkxODM2IzIwMDY1ODk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7dcb3880-3e94-40de-898c-a67e2a3a84a7\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DANBURY, Conn., July 12, 2021 (GLOBE NEWSWIRE) &#8212; FuelCell Energy, Inc. (Nasdaq: FCEL) &#8212; a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy\u2014 announced today that it has received a favorable ruling in a court case filed in the Court of Chancery in Delaware by POSCO Energy Co., Ltd. (POSCO Energy). On July 9, 2021, the Court issued a post-trial ruling denying POSCO Energy\u2019s summary statutory demand to inspect the Company\u2019s books and records because POSCO Energy lacks a proper purpose.\u00a0 The Court held that the totality of the circumstances, including the fact this was the seventh legal action POSCO Energy initiated against &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511690","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DANBURY, Conn., July 12, 2021 (GLOBE NEWSWIRE) &#8212; FuelCell Energy, Inc. (Nasdaq: FCEL) &#8212; a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy\u2014 announced today that it has received a favorable ruling in a court case filed in the Court of Chancery in Delaware by POSCO Energy Co., Ltd. (POSCO Energy). On July 9, 2021, the Court issued a post-trial ruling denying POSCO Energy\u2019s summary statutory demand to inspect the Company\u2019s books and records because POSCO Energy lacks a proper purpose.\u00a0 The Court held that the totality of the circumstances, including the fact this was the seventh legal action POSCO Energy initiated against &hellip; Continue reading &quot;FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T12:03:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3ODQ4NSM0MjkxODM2IzIwMDY1ODk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy\",\"datePublished\":\"2021-07-12T12:03:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\\\/\"},\"wordCount\":546,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI3ODQ4NSM0MjkxODM2IzIwMDY1ODk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fuelcell-energy-receives-court-case-win-in-the-court-of-chancery-in-delaware-versus-posco-energy\\\/\",\"name\":\"FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy - 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