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Posted December 02. 2012 1:50PM

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

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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.”