Home » Tag Archives: Khosla

Tag Archives: Khosla

State's ventures into alt-fuel markets net few jobs

Update: An earlier version of this article misstated that Khosla had controlled three companies, which was reflected in a headline.     By Jack Weatherly Solar-panel maker Stion Corp. is the only one of three alternative-energy companies that received a total of about $175 million in loans, plus other financial backing from the state of Mississippi that actually has employees today. ...

Read More »

Mississippi files fraud lawsuit against Khosla over KiOR failure

JACKSON — The state of Mississippi has sued billionaire Vinod Khosla and others, saying they knew long ago that bankrupt biofuel firm KiOR had poor prospects for success, but misled the state into loaning the company $75 million. The lawsuit, filed Tuesday in Hinds County Circuit Court, alleges Khosla and others engaged in fraud, negligence and conspiracy to hide the ...

Read More »

KiOR hires investment bank to explore sale

JACKSON, Mississippi — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a Wednesday stock filing. KiOR’s cash level is unclear, but the company borrowed $250,000 on July 3 ...

Read More »