NEW YORK, Sept. 15, 2009 (GLOBE NEWSWIRE) -- MMC Energy, Inc. (Nasdaq:MMCE) announced that in the Company's pending federal suit against its former executive Karl Miller seeking more than $1 million in damages for Miller's breach of a separation agreement, the Court today denied Miller's motion to dismiss the action and directed that the Company's suit proceed. The Company will now vigorously prosecute the case against Miller. The Company also announced that all of the allegations made by Miller in a Florida suit, including most recently on September 15, 2009, are without merit and the Company will defend itself and each of its directors vigorously, and understands that George and Sylvia Rountree will vigorously defend Mrs. Rountree against the equally baseless allegations made against her.
About MMC Energy, Inc.:
The Company actively manages electricity generating and energy infrastructure-related assets in the United States. The Company is traded on the NASDAQ Global Market in the United States.
The Company has invested in electricity assets which provide essential services to key transmission constrained markets in California, where regulatory capacity requirements and a lack of local electricity supplies make peak electricity generation facilities valuable. To date, the Company has acquired three electricity generating assets in California, totaling 110 MW of capacity, all of which have now been sold pending closing.