reuters.com

Law Firm Seeks Recovery of Legal Fees From Enel

Enel logoEnel
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Davis Polk filed a lawsuit in New York state court seeking payment of legal bills tied to its representation of Enel’s subsidiary High Lonesome Wind Power in an Allianz weather-risk derivative dispute. After Winter Storm Uri, the deal’s calculations indicated High Lonesome owed Allianz more than $125 million. Davis Polk says it pursued good-faith fee recovery before suing, and the Allianz case remains pending in federal court.

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