Transocean Group Holdings Pty Ltd. v. South Dakota Soybean Processors, LLC

MEMORANDUM OPINION AND ORDER

JOHN R. TUNHEIM, District Judge.

This dispute is about failed plans for the parties to construct and operate a soybean biodiesel plant in Volga, South Dakota. Plaintiffs Transocean Group Holdings Pty Ltd. and Transocean Global Biofuels Pty Ltd. (collectively, “Transocean”), an Australian banking firm, discussed building the plant in cooperation with defendant South Dakota Soybean Processors (“SDSP”). In April 2006, the parties signed a document expressing that intent, and they cooperated to incorporate High Plains Biofuels, Inc. (“High Plains”), a company that was…