An Aug. 13 trial date was set in U.S. District Court in Jackson in a breach-of-contract lawsuit by Pike County against a wood pellet company that never built a promised mill.
The Enterprise-Journal reports Indeck Energy Services of Buffalo Grove, Ill., bought land from Pike County in 2008 with plans to build a $17 million plant that would have employed 20 people.
But the project was abandoned, and county supervisors filed suit in 2010 in Pike County Chancery Court seeking to buy back the 16-acre property for the original $128,400 purchase price.
Indeck countersued when supervisors refused to let it sell the property to Investar, a company supervisors considered “financially insecure,” said board attorney Wayne Dowdy.
The company also was successful in transferring the lawsuit to federal court.
From The Mississippi Business Journal: https://msbusiness.com/2012/08/county-suing-wood-pellet-company-for-breach-of-contract/