UPDATE – December 10, 2012:
Two key defendants hid from service processors so we dismissed without prejudice and will re-file two new suits against VIA and its executives.
October 1, 2012
Prescott Lovern today sued VIA Motors, Inc. (VIA) and three of its executives over alleged securities fraud connected to Raser Technologies, Inc. (a.k.a. Cyrq Energy). The lawsuit, filed in D.C. Superior Court, also names Kraig Higginson, Richard Clayton and Alan Perriton. The lawsuit states the Defendants manipulated the market in violation of District and federal securities laws with false SEC filings when VIA was owned by Raser Technologies, Inc.