Coshocton Ethanol default case heads for trial

In Ohio, the case of the City of Coshocton vs. Coshocton Ethanol and its original project developer is set to go to trial on May 11 following the company’s default on a $7 million loan from the Ohio Water Development Authority that it had jointly taken out with the city in 2007.

The company is about $450,000 behind on its loan payments as it has been more than two years since it has made payments. Most of the company’s employees were laid off in 2008.