Alchemix Denied New Trial Over Stock Sale Gone Bad

Law360, Los Angeles (December 5, 2012, 6:03 PM EST) -- An Arizona federal judge on Monday denied gasification technology company Alchemix Corp.’s motion for a new trial in a securities fraud suit, ruling that a jury verdict finding an Alchemix executive omitted crucial facts in a 2002 stock sale to another company was supported by trial evidence.

In a nine-page order, U.S. District Judge G. Murray Snow ruled that Alchemix failed to show that its chairman, Robert Horton, did not misrepresent the size of a potential investment in the company by Western Oil Sands during a...
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