Federal jury demands ethanol investor pay $2 million for cutting out partner

November 25, 2014 |

In Iowa, Ethanol Europe’s lead investor has been ordered by a federal jury in Iowa to pay $2 million in damages to a local doctor who says he came up with the idea to build American-style ethanol plants in Eastern Europe. The business plan the doctor drew up with the own of a local ethanol plant was for a facility in Croatia that never got built, but instead was built in Hungary without the doctor as 10% shareholder like he’d been promised for Croatia.

 

Category: Fuels

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