Cahill Secures Denial of Preliminary Injunction Motion in Delaware Chancery Court for Hecate

Cahill represented Hecate Holdings LLC and Hecate Energy Group LLC in litigation before the Delaware Court of Chancery. Plaintiffs commenced suit in July 2025 in connection with an $82 million loan that had come due and remained unpaid, asserting breach of contract under the governing loan and pledge agreements and conversion of alleged collateral. They sought an injunction requiring Hecate to transfer $75 million received from a separate settlement or, alternatively, an order freezing those funds. Following full briefing and oral argument, Chancellor McCormick on February 25, 2026 denied plaintiffs’ motion for a preliminary injunction in its entirety, lifting all restrictions on Hecate’s use of the $75 million. In a 31-page opinion the Court concluded that, while plaintiffs may have shown some likelihood of success on their contract claims, they failed to demonstrate that such success warranted the requested injunctive relief. The Court found it unclear whether the $75 million constituted plaintiffs’ collateral under the governing agreements and determined that the balance of equities did not favor injunctive relief. The case remains pending, and Hecate will continue to vigorously defend against the plaintiffs’ claims. Cahill represented Hecate Holdings LLC and Hecate Energy Group LLC with a team composed by: Edward Moss (Partner), Anirudh Bansal (Partner), Jason M. Hall (Partner), Lauren Perlgut (Counsel), Andrew Leedom (Counsel), Jason M. Ecker (Associate), Kayla Gebhardt (Associate), Zachary Zajdel (Associate), Nicholas J. Pirsos (Associate), Maxwell Comer (Associate), Carolyn Cannizzaro (Associate), Ryan McMullen (Associate), and Arianna Chen (Law Clerk).

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Cahill Secures Denial of Preliminary Injunction Motion in Delaware Chancery Court for Hecate

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Cahill Secures Denial of Preliminary Injunction Motion in Delaware Chancery Court for Hecate

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