Investors sue over failed battery plant in Appalachia

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EnerBlu

PIKEVILLE, Ky. (AP) – A group of Kentucky investors has sued two executives of a battery manufacturer that suspended plans to build a $372 million facility and hire 875 workers in the heart of Appalachia.

The Lexington Herald-Leader cited court filings in reporting that that Pikeville EB Investors LLC says Enerblu executives made deliberate misrepresentations about the viability of the plant to local investors, who gave $1.2 million toward the facility.

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Investors say in the lawsuit filed last month in Pikeville that Enerblu’s Executive Chairman Michael Weber and its CEO Dan Elliott should have to pay back the $1.2 million.

The lithium battery maker filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court of Nevada in June. An attorney representing the Enerblu executives declined to comment.