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CS files claims against Woo­drock Cap­it­al and Iroquois Cap­it­al arising out of ac­quis­i­tion and de­vel­op­ment of heavy oil fields in Mis­souri

October 8, 2009

Zero CO2 Inc. and Richard Krajicek today filed claims against Woo­drock Cap­it­al, a Texas-based in­vest­ment bank, and Iroquois Cap­it­al, a New York private equity fund, al­leging that Woo­drock and Iroquois mis­ap­pro­pri­ated con­fid­en­tial in­form­a­tion from the plaintiffs and stole a deal that the plaintiffs had put to­geth­er to ac­quire and de­vel­op heavy oil fields in Mis­souri.

Krajicek is a chem­ic­al en­gin­eer and a well-known in­vent­or of pet­ro­leum-ex­trac­tion tech­niques and tech­no­lo­gies. He served as CEO of Car­mel En­ergy, Inc., from 1978 un­til 1986 and as CEO of Serv-Tech, Inc., from 1986 un­til 1993. He is now the CEO of Zero CO2 Inc., a com­pany formed to ex­ploit the va­por-therm tech­no­logy — a tech­no­logy, de­veloped with the aid of a re­search grant from the U.S. De­part­ment of En­ergy and San­dia Na­tion­al Labor­at­or­ies, for in­ject­ing car­bon di­ox­ide, ni­tro­gen, and su­per­heated steam in­to oil­field steam­floods — that he in­ven­ted.

Joe Sib­ley, K.A.D. Ca­mara, and Mike Wilson will serve as lead coun­sel for the plaintiffs.