Peiffer Rosca Wolf Investigating Bankrupt Biofuel Firm KiOR

investment fraud attorneysThe 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.

Alan Rosca (1247 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.