Bankrupt Ethanex Energy sues McGuire Woods law firm over profiteering claims

In Missouri, the bankruptcy trustee for Ethanex Energy is suing the McGuire Woods law firm for supporting and profiting from a insider trading scheme operated by former partner, Louis Zehil, who allegedly gained more than $17 million in trading profits selling unregistered shares of seven renewable energy companies. Two of the companies, Ethanex and Alternative Energy Sources, ultimately went bankrupt.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Ethanex Energy to acquire Midwest Renewable ethanol project for $220 million

In Nebraska, Ethanex Energy announced that it will acquire the Midwest Renewable Energy ethanol plant in Sutherland, for $220 million in cash and Ethanex stock, in a series of three transactions. U...

Alternative Energy Sources sues lawyer over insider trading allegations

In Missouri, Alternative Energy Sources filed a $1.65 million suit against Florida attorney Louis W. Zehil, alleging that the attorney made millions in illegal “short-swing” insider tradin...

Canadian stock trader charged in alleged Northern Ethanol stock manipulation

In Pennsylvania, Canadian stock broker George Georgiou was charged yesterday with conspiracy, securities fraud and wire fraud relating to kickbacks to other stock brokers to purchase shares in Norther...

Ethanex Energy files for bankruptcy; cancels Nebraska acquisition

In Kansas, Ethanex Energy filed for bankruptcy after failing to raise $1.5 million in interim financing for a planned $220 million, three-plant acquisition in Nebraska....

Alternative Energy Sources to shut down operations

In Missouri, Alternative Energy Sources will shut down this week after failing to find financing for its proposed 110 Mgy corn ethanol plant in Boone County, Iowa. The company had attempted to expand ...

Algae fuel developer Bye Energy enters new CleanLaunch incubator program

In Colorado, algal fuel developer Bye Energy will become the first client of the CleanLaunch Technology Incubator. The CLTI just launched in Denver and will partner with the Governor's Energy Office a...