Investors sue Continental Wind Power
IN THIS ARTICLE
- Law & Goverment Topic
- Stephen Nellis Author
By Stephen Nellis Friday, June 21st, 2013
Continental Wind Power, the Santa Barbara-based turbine maker that struggled to launch during the recession, faces four lawsuits alleging that then-CEO Jim Winsayer and other leaders misled investors about the company’s financial condition and ability to develop wind turbines when selling them stock. The lawsuits pending in Santa Barbara County Superior Court collectively demand $875,000…