Miss. lawsuit: Twin Creeks tried to deceive state

Published December 1, 2012 1:22am ET



JACKSON, Miss. (AP) — A California technology company trumped up a single solar panel sale in August in an attempt to hold onto the $27.7 million in state aid the company received to build a solar plant in Senatobia, Mississippi officials say.

The fraud allegation is contained in a lawsuit that Mississippi officials filed in an unsuccessful effort to block San Jose, Calif.-based Twin Creeks Technologies from selling its patents to GT Advanced Technologies for $10 million. The state was also unsuccessful in blocking creditor Silicon Valley Bank from reaping $7 million from the sale.

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