Shapiro, Lifschitz & Schram

“I have confidence that my guys are at least as good as the opposing counsel – always!”

Skip Kriss – Executive Vice President, The Richmond Corporation

SOLAR PLANT CONSTRUCTION CANCELLED TWO WEEKS AFTER CONTRACT ANNOUNCED

The agreement between Zentric, Inc. and Matinee Energy, Inc. to construct a 20-megawatt solar generating facility in Benson, Arizona has been cancelled.  The project was to be part of a 1200-acre, 120 MW solar facility in Benson.  Benson is approximately 46 miles southwest of Tucson, Arizona, where Matinee Energy is based.  Signed in early January 2012, and announced in a press release in late March, the EPC Agreement would have paid Zentric $72 million. 

According to documents that Zentric filed with the U.S. Securities and Exchange Commission, it withdrew from the EPC because it couldn’t arrange for sufficient financing in a timely manner to meet Matinee Energy’s deadline.  Zentric had spent over $100,000 to organize ZenPower, a Nevada corporation that was to manage the EPC.  Despite relationships with “well-respected private equity interests,” Zentric couldn’t obtain additional funding for the project by a scheduled deadline. 

But Zentric states that it had already taken steps to obtain enough solar panel inventory to generate 40MW, and had contracted with Gehrlicher Solar America Corp. to handle the construction.  Zentric is hoping to rejoin the Benson solar project after obtaining broader financing for ZenPower.

Did You Know . . .

Members of the SLS trial group have tried in excess of 50 jury trials and 75 bench trials?

The SLS construction group has worked on sports stadiums across the country including Orioles Park in Baltimore and Paul Brown Stadium in Cincinnati?

The SLS construction group has worked on power plant projects across the country?

In 2007 SLS was selected for an Honorable Mention as one of the Best Places To Work in Washington DC?

Ron Shapiro, Steve Schram and Judd Lifschitz have all been selected as SuperLawyers by Law and Politics?

The SLS office building is an historic townhouse constructed in the late 1800s?

SLS has been selected by Martindale-Hubbell as a Preeminent Law Firm?

SLS trial lawyers have argued appeals in the U.S. Circuit Courts of Appeal for the 4th, 5th, 9th, D.C. and Federal Circuit?

SLS trial lawyers have been lead trial counsel in cases in Arizona, California, District of Columbia, Florida, Louisiana, Maryland, New Jersey, New York, North Carolina, Oregon, Texas, and Virginia, - to name just a few?

Virtually all the cases that SLS trial lawyers mediated have been favorably settled at mediation?

The transactional group at SLS was lead counsel on one of the largest, most complex mixed-use projects in downtown Washington, DC involving 4 lenders and 6 property owners?

In appreciation for the outstanding efforts of each of its employees during 2007, SLS gave everyone (attorneys, paralegals, and staff) a 4 day/3 night expense paid trip to Key West, Florida?

The transactional group at SLS has represented tenants in more than 200 retail leases in the Mid-Atlantic region?

Every attorney in the transactional group at SLS has at least 15 years experience?

The transactional group at SLS has represented developers in the purchase, construction, financing and/or sale of more than 75 multi-family apartment projects?

The transactional group at SLS has represented real estate investors and developers with respect to property in Pennsylvania, West Virginia, Delaware, Maryland, the District of Columbia, Virginia, North Carolina, South Carolina, Georgia, Florida, Texas, Tennessee, Michigan and the U.S. Virginia Islands?

Attorneys in the transactional group at SLS have represented eight national banks in commercial real estate loans?

Attorneys in the transactional group at SLS have represented the FDIC, the Resolution Trust Corporation and several banking institutions in loan workout transactions throughout the Mid-Atlantic region?

The transactional group at SLS has represented homebuilders and commercial real estate developers in work-outs of individual loans and also for work-outs of large portfolios involving dozens of properties in several states?

The trial lawyers of SLS have numerous reported decisions to their credit?