New York hedge fund Mason Capital Management this week led a group that quietly bought a bankrupt hydraulic fracker that is suing the state to force it to reveal its controversial fracking study, The Post has learned.
The group used a holding company named “Any Acquisition,” in an attempt to shield its identity.
(So now the lawsuits are going to be “Any Acquisition v Town of Dryden” and “Any Acquistion v Dr Nirav Shah” ? Good luck with that in court. )
On Wednesday it reached a deal in federal bankruptcy court to buy Norse Energy for $2.65 million, a source with knowledge of the situation said.
Norse claims it owns leases to frack on roughly 180,000 acres in the state. Mason will also now be funding Norse’s legal case against the state, which is about to reach a critical stage, a source said. (Which means that Koch Money is funding both the JLCNY’s fracking publicity stunt and “Any Acquisition’s” publicity stunts. JLN)
In the little noticed case, bankrupt Norse has sued Gov. Cuomo, the New York Department of Environmental Conservation, and the state Department of Health to complete the Supplemental Generic Environmental Impact Statement relative to hydraulic fracturing. Norse had argued the study is legally is overdue.
There will be a hearing Friday on the case in Albany County Supreme Court. The state is moving to dismiss, while Norse had wanted a jury trial on the merits.
“They [the state] are going to say their conduct is not subject to judicial review,” plaintiff lawyer Thomas West told The Post, “and that none of the plaintiffs have standing in the matter.” (“Any Acquisition” now has has zero standing in the matter. JLN)
“We are going to press hard for a hearing, because our client had been harmed.” (“Any Acquisition” has not been harmed, so no damages claimed. JLN)
If it wins the case, Norse would have forced the state to release its results soon, and if the study concludes that fracking is safe, it could lead to drilling permits being issued by the end of the year, West said. (Norse is no longer a plaintiff. Norse no longer exists.)
Norse had teamed in the legal matter with the Koch brothers-funded, Joint Landowners Coalition of New York, sources said.
Mason and the Joint Landowners did not return calls for comment . (Nor did Norse . . . )