Stay Remains In Investor Suit Over $25M Solar Venture

Law360, New York (February 25, 2011, 7:21 PM EST) -- A California state judge refused Friday to lift a stay in a lawsuit by two investors asserting shareholder derivative claims against a power extraction technology company over a failed $25 million solar technology joint venture.

Judge James P. Kleinberg of the Superior Court of the State of California, County of Santa Clara, said it was the bankruptcy court's decision, not his, to decide whether to modify the terms of an automatic stay that was imposed on the suit against Atira Technologies LLC when lead plaintiff Lori...
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