March 28, 2017 Comments (0) Current Investigations

Aquion Energy Inc. Files Chapter 11 Bankruptcy Protection

Aquion Energy Inc.
(Last Updated On: April 5, 2017)

Recovery of Investment Losses in Aquion Energy Inc.

Have you suffered losses investing in Aquion Energy Inc.? If so, The White Law Group may be able to help you by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.

Aquion Energy Inc. has voluntarily filed for Chapter 11 bankruptcy and has discharged 80 percent of its employees, according to an announcement March 8.

The company, which produces saltwater hybrid batteries and has high-profile financial backers including Bill Gates and Kleiner Perkins, has halted all factory operations, and stopped marketing and selling its products. Several of its terminated employees have been retained to assist Aquion in the sale of its assets, the company announced.

The company had raised about $190 million from investors. Microsoft co-founder Bill Gates invested in the company in 2013. The company received more than $13 million in state incentives in 2012 to locate its manufacturing facility inside the former Sony plant in East Huntingdon.

The company attracted early investment from the California-based venture capital firm Kleiner Perkins Caufield and Byers. Ray Lane, a partner emeritus at the firm and former chairman of HP and president of Oracle, is the chair of Aquion’s board of directors.

Recovery of Investment Losses

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of Aquion Energy Inc. , please contact The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.