Legal Opinion
Typenex Co-Investment, LLC v. Solar Wind Energy Tower, Inc.
District Court, N.D. Illinois
Decided July 20, 2015No. 14 C 6846PublishedCited by 4 opinions
1Opinion of the Court
Memorandum Opinion and Order
Gary Scott Feinerman, United States District Judge
In 2013, Solar Wind Energy Tower, Inc. (“SWET”), gave Typenex Co-Investment, LLC, a convertible note in exchange for a $500,000 loan. When SWET refused to convert the debt into equity, Typenex sued SWET and its transfer agent, Columbia Stock Transfer Company, for breach of contract. Docs. 1, 24. SWET answered and counterclaimed, alleging that Typenex hoodwinked it into the deal. Doc. 27. Typenex moved to dismiss the counterclaims, Doc. 29, and the court denied that motion as moot when SWET filed amended…
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