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Biden-Backed Solar Company Lied About Effectiveness of Solar Modules, Lawsuit Says

January 14, 2022 by l

 
“Investors are suing a Biden-backed solar energy company that received a $500 million federal loan last month, claiming the company lied to shareholders about the effectiveness and financial viability of its solar modules.

A Michigan municipal pension fund alleges that executives at First Solar, which is owned by Biden megadonor and Walmart heir Lukas Walton, made “false and misleading statements” to investors and failed to disclose that its solar module was “grossly underperforming and was unable to hit its wattage targets.” Those claims and omissions, the fund alleges, artificially inflated the company’s stock price in 2019 and led to investor losses.”
 
read the entire article
 
Goodman, Alana. Washington Free Beacon 14 January 2022.
 

Posted in: Fraud Tagged: Barclays, Biden, Democratic National Committee, Department of Energy, Development Finance Corporation, ethics, First Solar, fraud, Government Integrity Project, House Oversight Committee, lawsuit, Lukas Walton, National Legal and Policy Center, Overseas Private Investment Corporation, Pontiac City General Employees Retirement System, Solyndra, U.S. International Development Finance Corporation
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About Duanesburg Neighbors

Public documents, events and media so you can make informed decisions about our community.

Please visit your Town’s website for up to date meeting schedules, agendas, minutes, documents, and legislation.

Trust, but verify. Call your public officials, town clerk, local media, and talk with your neighbors. Theres always more to learn.

Upcoming Events

Aug
23
Tue
2022
7:00 PM Gloversville Common Council @ Gloversville City Hall
Gloversville Common Council @ Gloversville City Hall
Aug 23 @ 7:00 PM – 8:00 PM
  Town of Gloversville Common Council When: Forth Tuesday of the month Time: 7:00 PM Where: 3 Frontage Rd, Gloversville, NY 12078   Verify information with the Town Clerk City of Gloversville website  
Aug
25
Thu
2022
7:00 PM Duanesburg Town Board @ Duanesburg Town Hall
Duanesburg Town Board @ Duanesburg Town Hall
Aug 25 @ 7:00 PM – 8:00 PM
  Duanesburg Town Board Meeting   Verify information with Duanesburg Town Clerk: Town of Duanesburg website   listen to recording of the meeting Solar Law Local Law 1 of 2021 Minute 58 Oak Hill Solar ... [Read more...]
Sep
6
Tue
2022
7:00 PM Gloversville Planning Board @ Gloversville City Hall
Gloversville Planning Board @ Gloversville City Hall
Sep 6 @ 7:00 PM – 8:00 PM
  Town of Gloversville Planning Bord When: First Tuesday of the month Time: 7:00 PM Where: 3 Frontage Rd, Gloversville, NY 12078   Verify information with the Town Clerk City of Gloversville website  
7:00 PM Rotterdam – Planning Commission ... @ Rotterdam Town Hall
Rotterdam – Planning Commission ... @ Rotterdam Town Hall
Sep 6 @ 7:00 PM – 8:00 PM
  Town of Rotterdam Planning Commission Meeting First Tuesday of the month at 7:00 PM.   Town Hall 1100 Sunrise Blvd. Rotterdam, NY 12306 518-355-7575  
Sep
7
Wed
2022
5:30 PM Rotterdam – Town Board Meeting @ Town Hall Town of Rotterdam
Rotterdam – Town Board Meeting @ Town Hall Town of Rotterdam
Sep 7 @ 5:30 PM – 6:30 PM
  Town of Rotterdam Town Board Meeting Second Wednesday of the month at 7:00 PM.   Town Hall 1100 Sunrise Blvd. Rotterdam, NY 12306 518-355-7575  
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