Peiffer Rosca Wolf Investigating Bankrupt Biofuel Firm KiOR
The Peiffer Rosca Wolf investment rights lawyers are investigating a group of proprietors of the reportedly bankrupt biofuel firm KiOR. Said proprietors allegedly knew that KiOR had poor prospects for success, and they still knowingly misled the State of Mississippi into loaning their company $75 million, allegedly, according to records from Hinds County Circuit Court currently under review by attorneys Joe Peiffer and Alan Rosca.
The Peiffer Rosca Wolf investment rights lawyers are investigating the case, and investors who put in more than $50,000 may contact their firm. The firm is preparing to take action on behalf of victimized investors.
Prioprietors Allegedly Engaged in Fraud and Conspiracy to Conceal KiOR’s Lack of Technological Zeal
The state of Mississippi’s case alleges that some time ago the bankrupt biofuel firm KiOR had poor prospects for success, and engaged in alleged fraud, negligence and conspiracy to hide the fact that KiOR’s technology never performed as well as they represented, according to Hinds County Circuit Court presently being reviewed by attorneys Joe Peiffer and Alan Rosca.
The crux of the state’s case against KiOR is just how much crude oil substitute KiOR could make from a ton of wood. The state says KiOR told it and others that it could make 72 barrels per ton of dry wood, but the suit cites internal KiOR documents that say the company could only make 20 to 22 gallons per ton, according to Hinds County Circuit Court being actively perused by attorneys Joe Peiffer and Alan Rosca.
Investment Recovery Attorneys Investigating
The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and are currently investigating the aforementioned group of proprietors, and their alleged fraud and negligence regarding KiOR. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Anybody who invested $50,000 or more with KiOR may contact the investment recovery attorneys Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.