Ralls wins court order to stop collateral sale

02/4/2013 | Bloomberg Businessweek

A U.S. district judge in New York issued a temporary order halting the sale of a wind farm in Texas posted by Ralls Corp. as collateral to buy a wind project in Oregon that was subsequently blocked by President Barack Obama on national security grounds. Terna had told Ralls that it was planning to sell a membership stake in the Texas wind farm to make up for Ralls' failure to pay a $4.2 million debt related to the aborted Oregon project.

View Full Article in:

Bloomberg Businessweek

Published in Brief: