Feds Raid Bankrupt Solar Panel Maker Solyndra

Law360, New York (September 8, 2011, 3:52 PM EDT) -- FBI agents and U.S. Department of Energy investigators executed search warrants Thursday at the Fremont, Calif., headquarters of Solyndra LLC, which received a $535 million federal loan as part of a green energy jobs initiative before filing for bankruptcy last week.

The first company to receive a DOE loan guarantee from funds in the 2009 stimulus bill, Solyndra had been touted as a model for green jobs and had been visited by President Obama, but eventually folded under competition from Chinese companies able to offer much...
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