Tuesday, January 15, 2013

Picking Losers

Lawsuit accuses Obama Energy Department of cronyism in green energy loan program, leaked patented technology
A high-tech electric car manufacturer and its related battery manufacturer are suing the Department of Energy, alleging the department improperly denied the companies a loan and leaked patented technology to competitors.
Cause of Action, a government watchdog group, is representing XP Vehicles and Limnia Inc. in two separate lawsuits in two different courts against the Department of Energy, Secretary of Energy Steven Chu, and director of the Advanced Technology Vehicles Manufacturing [ATVM] loan program Lachlan Seward.

Read more: http://freebeacon.com/picking-losers/

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