Evergreen Trustee Says Ex-Director Doomed Company

Law360, New York (May 24, 2012, 6:25 PM EDT) -- The Chapter 7 trustee of bankrupt Evergreen Energy Inc. slapped a former director of the company with a lawsuit Wednesday, alleging the director's conflict of interest obstructed the energy company from securing crucial financing and led directly to the firm's demise.

Trustee Charles Stanziale filed suit in Delaware bankruptcy court, claiming that Ilyas Khan, a principal of the merchant banker Stanhill Capital Partners as well as a board member of the defunct energy company, reneged on a commitment and prevented other firms from investing in Evergreen....
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