We are not accepting donations from people or companies in Florida due to unfair reporting requirements and fees not imposed by any other state.

Call to Action for a Truly Sustainable Renewable Future
August 8, 2013 – 5:07 pm | No Comment

-Include high octane/high ethanol Regular Grade fuel in EPA Tier 3 regulations.

-Use a dedicated, self-reducing non-renewable carbon user fee to fund renewable energy R&D.

-Start an Apollo-type program to bring New Ideas to sustainable biofuel and …

Read the full story »
Business News/Analysis

Federal Legislation

Political news and views from Capitol Hill.

More Coming Events

Conferences and Events List in Addition to Coming Events Carousel (above)

Original Writing, Opinions Advanced Biofuels USA

Sustainability

Home » Federal Agency, Federal Litigation, Feedstocks, Forestry/Wood, Mississippi, Securities and Exchange Commission

Biofuel Case: $4.5M for Investors under Federal Settlement

Submitted by on June 12, 2017 – 12:54 pmNo Comment

by Jeff Amy (Fox Business/Associated Press)  A federal judge has approved a $4.5 million settlement for private shareholders of failed biofuel maker KiOR, and a lawsuit by the state of Mississippi seeking to recover a much larger amount continues.

U.S. District Judge Lee Rosenthal issued the order Monday in Houston approving the settlement, intended to partially compensate 23,000 shareholders for money they lost because of decreases in KiOR's stock price.

...

Former KiOR CEO Fred Cannon, lead investor Vinod Khosla and former Chief Financial Officer John Karnes are to pay the money under the settlement. Lawyers are to receive $1.5 million of the $4.5 million, plus expenses.

Separately, Mississippi Attorney General Jim Hood is suing Cannon, Khosla and others in state court in Jackson, demanding repayment of $77 million, plus interest. Mississippi loaned $75 money to KiOR, which built a biofuel plant in Columbus.

...

Cannon and the company that Khosla reorganized to succeed KiOR after it filed for bankruptcy in 2014 paid a $100,000 fine to the Securities and Exchange Commission last year to settle allegations that the company misled investors about how much biocrude the company was able to make from wood.  READ MORE

Related Post

Tags: , , , ,

Comments are closed.