A lawsuit accuses developer Tom Buttgenbach of misappropriating the University of California system’s money after the latter invested in a collection of solar projects.
The complaint, filed by public university regents in January in Alameda County Superior Court, claims that Buttgenbach submitted false claims to the university system to induce solar project investments worth $150 million, which he allegedly used to enrich himself.
Buttgenbach is the co-founder and chief executive of 8minute Solar Energy, LLC. The complaint names both him and the company as defendants.
