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December 02. 2012 1:50PM

Suit accusing solar firm of fraud reveals company tried to repay Mississippi in proposal

Twin Creeks, which is liquidating, tried to erase its debt before Mississippi sued. The firm proposed to repay $1.25 million or less, and give the state rights worth up to 20 percent of any future royalty payments from its technologies, an amount that could be worth up to $8 million. The state described royalty income in the suit as “highly uncertain.”

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