A
federal judge in Tennessee has allowed a proposed class action lawsuit to move forward against a Chicago-based green energy company and its executives. The suit alleges that the defendants used false promises of high returns to attract investors, but the court did not rule on the merits of the claims.
The complaint accuses the company and its leaders of making exaggerated statements about investment opportunities in order to secure funding. The judge's decision allows the case to proceed, but it does not indicate whether the plaintiffs will ultimately prevail.
Investors who claim they were misled by the defendants' promises may be eligible to join the class action lawsuit.
