November 10, 2011
Reorganized debtor Raser Technologies Inc. sued Pratt & Whitney Power Systems Inc. on Wednesday in Delaware bankruptcy court to avoid a $4.3 million claim based on a lien against intellectual property that the geothermal power company sold before filing for Chapter 11.
August 26, 2011
Green energy company Raser Technologies Inc. faced fresh objections to its reorganization plan this week in filings by unsecured creditors and the U.S. trustee about releases that would block certain parties from being sued.
August 25, 2011
The U.S. Securities and Exchange Commission objected Wednesday to Raser Technologies Inc.'s amended Chapter 11 liquidation plan in Delaware bankruptcy court, saying the plan would wrongly discharge nondebtors who were still liable to the defunct geothermal energy company's creditors.
August 01, 2011
A Delaware bankruptcy judge on Monday cleared Raser Technologies Inc. to send its reorganization plan to creditors for a vote after the troubled geothermal energy company settled with one disgruntled creditor to fend off a potential competing plan.
July 26, 2011
Raser Technologies Inc. reached an agreement Tuesday in Delaware with a disgruntled creditor to fend off a potential competing reorganization plan, clearing the way for the geothermal energy company to move forward swiftly on its own plan.
July 25, 2011
The chief creditor of a stalled geothermal power plant in New Mexico urged a Delaware bankruptcy judge on Monday to let it introduce a Chapter 11 plan to rival debtor Raser Technologies Inc.'s own proposal and stave off foreclosure.
June 15, 2011
A Raser Technologies Inc. shareholder on Wednesday asked a Delaware bankruptcy court to appoint a trustee in the Chapter 11 proceedings for the geothermal energy company in order to investigate allegations of securities fraud committed by company financiers and executives.