Correction: see here. http://www.greentechmedia.com/green-light/post/correction-and-apology-homayoun-talieh-and-solopower/
Homayoun Talieh is not taking the break to spend more time with his family sitting down.
The founder and former CEO of CIGS solar vendor SoloPower is suing Crosslink Capital, one of the companies principal investors, and others over his ouster in July, according to the San Jose Business Journal. It writes:
"In the current suit, Hudson allegedly tried to persuade Talieh to enter into a $376.5 million purchase agreement with the 3M Co. and Hudson for material used for flexible substrate solar power generation. The agreement would have funneled $80 million in cash and warrants to Hudson but been “disastrous” for SoloPower, according to the lawsuit, which states the deal would have drained cash and resources from the business."
The Hudson deal, however, was not the only "disaster" SoloPower faced. Although it had built its prototype facility for under "$100 million" it had already missed development deadlines.
SoloPower puts CIGS onto substrates through electroplating. It's unusual, but very intriguing. The delays and complexities of CIGS have caused management changes at HelioVolt and Miasole as well. Solyndra and Nanosolar, the two others in the CIGS gang of five, already have (a very small amount) of panels coming off the production line.
Ousted founders rarely sue their backers. They all want to get a job as a drop-in CEO in the future. However, it does happen. The most successful example is Shuji Nakamura, the white light LED inventor who won millions and became a cult hero in Japan for suing Nichida.




