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Report says the former CEO of an aluminum company planning to build a plant in Ashland misled potential investors and the company’s board about the company’s progress.
The former CEO of Braidy Industries has sued the company and several of its stockholders over his ouster.
Braidy Industries says it still needs to raise $500 million to build a $1.7 billion aluminum plant in eastern Kentucky.
Braidy Industries said Thursday that Chairman and CEO Craig Bouchard would step down from that role. Bouchard disputed the announcement Friday.
Gov. Bevin's administration has been ordered again to release records about Braidy Industries, which is partly owned by the state and plans to build an aluminum mill in Kentucky.
Braidy Industries says hundreds of Kentuckians have become shareholders as the company lines up financing for a $1.7 billion aluminum mill in eastern Kentucky.
Braidy Industries says it has about four months to raise $300 million in equity capital for a proposed aluminum mill in Kentucky or risk losing a large investment.
A private company trying to build an aluminum mill in the Ashland area, in part with taxpayer money, has extended its fundraising deadline.
The students at Ashland Community and Technical College are enrolled in a program designed in part by Braidy Industries and its CEO Craig Brouchard.
An aluminum company says it will build a $1.3 billion facility near the border of Kentucky and West Virginia, pledging to hire 550 people and pay them average salaries of $70,000 in an area devastated by the loss of coal and manufacturing jobs.