AVANGRID Files Defamation and Tortious Interference Lawsuit Against Security Limits for Using False Allegations to Seek to Extort the Company

Dec 05, 2021

Today, AVANGRID, Inc. (NYSE:AGR, Financial), a leading sustainable energy company, filed suit in New Mexico against Security Limits, Inc. and its owner and CEO Paulo Silva for defamation and tortious interference. In the suit, AVANGRID lays out how Silva, a disgruntled former AVANGRID Networks sub-contractor, interjected himself into the merger review process between AVANGRID and PNM Resources in New Mexico after AVANGRID rebuked his threats to do so if AVANGRID would not agree to enter into a new contract with him.

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