A federal bankruptcy judge won’t rule on the value of contracts farmers signed to provide corn to the now-bankrupt Central Illinois Energy.
The unfinished ethanol plant outside Canton is being bought by Credit Suisse, the bank that financed a majority of the project and has made an $80 million credit bid.
The shareholders who invested in the project have lost all their money. Most of those investors were farmers who agreed to contribute both corn and money.
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2 years ago