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The Honolulu Advertiser
Posted on: Wednesday, August 19, 2009

Solar company asks for dismissal of involuntary bankruptcy


Advertiser Staff

Elemental Energy LLC, the parent company of Sunetric, the state’s largest locally owned solar energy systems company, has filed a response to an effort by a former worker and three vendors trying to put it into bankruptcy.
The Kailua-based company is asking the Bankruptcy Court in Honolulu to dismiss the involuntary petition along with paying punitive damages.

The response filed by Attorney Jerrold Guben says the dismissal is warranted based on a number of factors, including Sunetric’s payment of debts as they come due and that the allegations by the four petitioning creditors that they are owed money is in dispute.
It also alleges Joshua Powell, a former worker who went on to form another company, Distributed Energy Partners, is engaged in anti-competitive conduct.