Sunday, October 2, 2022 Oct 2, 2022
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Rob Snyder

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Business

Stream Energy Inks $300 Million Deal to Sell to NRG

Assuming it clears regulatory hurdles
By Tim Rogers
Business

Fifth Circuit Court Clears Stream Energy in Pyramid Scheme Suit

If you've been reading FrontBurner awhile, there's a chance you'll remember Scott Clearman. He's the bow tie-wearing Houston attorney who filed a class-action suit against Stream Energy, alleging that the local power provider was a pyramid scheme. We were dragged into the affair because I profiled Stream's founder, Rob Snyder, in 2006, and our sister pub D CEO wrote about him in 2010. I had some fun at Clearman's expense in 2009, when he sent me a letter warning me that he might demand all the emails, ever, between me and Rob. Then I had a chuckle in 2012 when Clearman had D Magazine served. Well, it has a taken many years and many dollars, but Clearman's lawsuit is finally dead -- or, if not fully dead, it's doing that thing where it grabs at the gunshot wound in its stomach and gurgles right before it falls into a lifeless heap on the dirt road that runs through the center of town, as the sheriff holsters his six shooter. Sorry, I got carried away. Anyway, The U.S. Fifth Circuit Court of Appeals in New Orleans reversed a lower court's ruling. Stream put out a press release today about the matter. As for Scott Clearman, though the State Bar says he's eligible to practice in Texas, it appears that his law firm has been dissolved and he's fighting with his former partners.
By Tim Rogers