The Star – The Ontario Power Authority offered to pay a U.S. hedge fund $82.3 million to settle a lawsuit over the province’s decision to cancel construction of a gas-fired power plant in Mississauga.
But the hedge fund rejected the offer, according to New York Supreme Court records of a hearing held on May 11. The hearing involved, on one side, EIG Management LLC, described in the hearings as a hedge fund, and headquartered in Washington, D.C.
