ENERGY CONVERSION: Battery Supply Fraud Suit Resolved Last June

The lawsuit filed by International Acquisitions Services, Inc., Innovative Transportation Systems AG, and Neville Chamberlain against Energy Conversion Devices, Inc. was resolved in June 2008 with a payment of US$925,000 made to IAS.

The action, filed in Nassau County, New York…

ENERGY CONVERSION: Dispute on Joint Venture Claims Still Ongoing

Energy Conversion Devices, Inc. and its subsidiary, Ovonic Battery Co., are facing claims of Chevron Technology Ventures LLC relating to the Operating Agreement in the Cobasys joint venture.

The Cobasys joint venture between OBC and CTV, a subsidiary of Chevron Corp.,…