Hedge fund Elliott loses appeal against dismissal of LME nickel lawsuit
Judge ruled that the extreme price movement was "a once in a generation event" and that the LME acted lawfully in cancelling the trades.
The New York Times reports that Nevada Geothermal (CVE:NGP) is facing money problems. Like the troubled solar energy company Solyndra that declared bankruptcy and became part of the political narrative of wasteful government spending on behalf of the Obama administration, Nevada Geothermal also received federal loan guarantees and the company is facing financial difficulties:
After a series of technical missteps that are draining Nevada Geothermal’s cash reserves, its own auditor concluded in a filing released last week that there was “significant doubt about the company’s ability to continue as a going concern.”
