“Barnett and Stiner agreed to permanent injunctions; payment of civil penalties in the amount of $65,000 and $40,000, respectively; and other sanctions.”
The long, sad tale of photovoltaic manufacturer AstroPower winds down?
It has been a while since I posted AstroPower Saga Continues: Fraud Claims Referred to FBI.
Per this Litigation Release No. 20938 issued on March 10, 2009:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20938 / March 10, 2009
Accounting and Auditing Enforcement Release No. 2946 / March 10, 2009
Securities and Exchange Commission
Select Photovoltaic News Tidbits
The Solar Light Flashes format allows me to address news or observations that don’t require a full post.
Cool Earth SolarCool Earth Solar (CES, http://www.coolearthsolar.com) has revamped their website and is reshaping solar energy. I heard from CEO Rob Lamkin that CES Senior Team member, Dr. Aurelius Prochazka, co-author of RailsSpace: Building a Social Networking Website with Ruby on Rails, was involved with the implementation. Back on August 24, 2007, the press release, COOL EARTH SOLAR FILES PATENTS FOR SOLAR TECHNOLOGY, demonstrates CSE efforts to protect their Intellectual Property (IP). And Cool Earth Solar in the News was nice enough to link to my
Former AstroPower Execs Allen Barnett and Thomas Stiner agreed to pay $1 million USD to settle shareholder lawsuits without admitting culpability The ever trustworthy Steven Church, now with Bloomberg News, reported on the latest developments in AstroPower fraud claims go to FBI, judge rules reprinted in delawareonline: The News Journal. Typical for this saga, there has been a dearth of press coverage.
In Wilmington, Delaware, U.S. District Judge Joseph J. Farnan Jr. ruled the fraud allegations against AstroPower company founder and CEO Allen M. Barnett and CFO Thomas J. Stiner should be referred to the Federal Bureau of Investigation.
Attorneys were ordered to supply the names
Sunday, February 11, 2007 6:51 pm | Edgar A. Gunther
Trouble under the SunPower
Well, you can tell I have been distracted by personal issues to not notice this blockbuster and underreported news: SunPower sales up; SEC investigates employee (free registration may be required). This story was first reported by Sarah Jane Tribble at the Mercury News with contributions from Troy Wolverton.
Per an amended Current Report 8-K/A filed by SunPower Corporation (NASDAQ:SPWR) with the SEC on January 25, 2007, Peter Aschenbrenner was sent a Wells Notice from the Securities and Exchange Commission (SEC) on December 12, 2006. The Wells Notice relates to Mr. Aschenbrenner’s role
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