Details of the A123 Systems bankruptcy proceedings are getting ironed out, and have been given the green light by US Bankruptcy Judge Kevin Carey. The federal judge approved an outline of lithium ion battery maker A123's liquidation plan to be used by creditors, who will decide whether to vote for or against the repayment plan.
Rodney Hailey, who was in the news last summer for selling more than $9 million in Renewable Identification Numbers (RIN) credits for biofuel that, well, didn't exist, has been sentenced to nearly 12 years and six months in prison, followed by three years of supervised release.
The California Construction Trucking Association has filed a notice of appeal with the US Court of Appeals for the Ninth Circuit. It's the latest in a two-year legal battle against the California Air Resource Board's heavy-duty, on-road truck and bus regulations. The CARB diesel engine regulation will force the replacement of most diesel-powered commercial motor vehicles that don't meet 2010 US Environmental Protection Agency standards in order to operate in the state.
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