We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Xethanol Settles Securities Class Action

Law360 (December 3, 2007, 12:00 AM EST) -- Renewable energy company Xethanol Corp. has agreed to settle a consolidated class action lawsuit accusing it of deliberately misstating its ethanol production capabilities in order to raise stock prices.

The settlement was reached on Nov. 28 in West Palm Beach, Fla., the company said in a statement on Monday.

The terms of the settlement were not disclosed. The agreement is still subject to final negotiated writings executed by the parties and approval by the U.S. District Court for the Southern District of New York.

Xethanol announced...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.