Flex Fuels Sues To Stop Director's Takeover Bid

Law360, New York (October 8, 2008, 12:00 AM EDT) -- Flex Fuels Energy Inc. filed a lawsuit Tuesday against one of its directors claiming that he has been involved in a plot to take over the company and has engaged in illegal spying on the company's chief executive officer.

The lawsuit, filed in the U.S. District Court for the District of Nevada, alleges that Thomas Barr, a director of Flex Fuels, attempted to push through a merger on behalf of an outside financial advisory group that would have decimated Flex Fuels' shareholders.

When the merger failed,...
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