Solar Millennium seeks "quick" legal solution to Claassen calamity

Share

The dispute between the two parties has been ongoing for over a year now, following Claassen’s resignation from the post of CEO after just 74 days.

This March, Solar Millennium AG announced it will sue Claassen for the full repayment of his €9 million signing fee after out of court settlements failed.

Now, six months later, the company says it hopes to resolve the situation "as quickly as possible".

In a statement released, current CEO, Christoph Wolff said, "The barrage of inquiries from journalists, which was triggered by Mr. Claassen's consultants prior to the upcoming negotiations before the Nuremberg District Court, is reportedly an imposition for the court as well as a considerable burden for Solar Millennium and its employees."

He added, "Solar Millennium could suffer damages from this. In the question of whether Mr. Claassen was lawful in resigning after 74 days as CEO and keeping his signing bonus of € 9 million, we hope to have this resolved as quickly as possible and without any further attacks on the company from the media."

Solar Millennium expects to receive the results from law firm Skadden Arps’ informal audit in the next few weeks. "Among other things," continued the statement, "this should clarify whether the company's incumbent bodies acted properly within the scope of the law in connection with the appointment and resignation of Mr. Claassen."

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.