Knickerbocker Sells Part of Stake

L.L. Knickerbocker Co. Inc. said it sold 2.45% of its stake in Pure Energy Corp. to Pure Energy founders Douglas and Scott Dunlop for $3.4 million.

Knickerbocker chief executive Louis L. Knickerbocker resigned as chairman of Pure Energy but remains a director.

Lake Forest-based L.L. Knickerbocker, which sells collectibles, jewelry and other products, retains about a 35% stake in Pure Energy, which markets alternative fuels.