Judge dismisses McAuliffe from suit over failed car company
https://wtop.com/virginia/2018/04/judge-dismisses-mcauliffe-from-suit-over-failed-car-company/
Judge dismisses McAuliffe from suit over failed car company
By The Associated Press
April 5, 2018 6:52 pm
McLEAN, Va. (AP) A federal judge has dismissed former Virginia Gov. Terry McAuliffe from a lawsuit alleging he defrauded investors in a failed electric-car company. Thirty-two Chinese investors sued McAuliffe and Greentech Automotive Inc. last year. They say they were duped into investing $500,000 each into what they thought was a viable company.
The investments were made under a federal program that let foreign nationals receive U.S. residency visas if they invest in companies that create U.S. jobs. Greentech received millions of dollars in subsidies to build a plant in Mississippi but filed for bankruptcy earlier this year after never getting off the ground. The plaintiffs say Greentechs failure threatens their ability to remain in the U.S.
Judge Claude Hiltons March 30 ruling concluded the lawsuit failed to sufficiently articulate claims against McAuliffe. Hilton, a senior judge in Alexandria, said the plaintiffs have 20 days to file an amended lawsuit if they wish.
Jonathan Link, a lawyer for the plaintiffs, said Thursday evening that he does plan to file an amended lawsuit that will include details sufficient to meet the legal requirements to move forward.
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