Li-Cycle files lawsuit against firm hired to oversee it, RBJ reports

 

ROCHESTER, N.Y. — Li-Cycle, the battery recycling hub at the Eastman Business Park that halted construction on its expansion, has filed a lawsuit against the firm hired to oversee it, reports the Rochester Business Journal.

Li-Cycle claims that the Greece-based company Pike Conductor DEV 1, LLC, breached its contract when it wasn’t able to obtain financing for the project before the Nov. 1 deadline. The RBJ article goes on to say that Pike Conductor DEV 1 is placing the blame on Li-Cycle, claiming its decision to halt construction made it impossible to finalize financing and triggered a default.

As News10NBC has reported, when Li-Cycle halted construction in October on its $700 million expansion, it left more than 200 local construction workers without a job.

RELATED:

Schumer: ‘I want Li-Cycle to work for Rochester’

Li-Cycle CEO: ‘We’re confident in Rochester hub project and working to secure additional funding

News10NBC Investigates: Law firms question Li-Cycle executives

News10NBC Investigates: Hundreds of contractors impacted by halted Li-Cycle project

Officials say ‘no public money’ released as Li-Cycle pauses construction of Rochester hub

The post Li-Cycle files lawsuit against firm hired to oversee it, RBJ reports appeared first on WHEC.com.

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