Solyndra, US Slam Ex-Workers' Bid To Nix Lender Protections

Law360, New York (February 15, 2012, 8:36 PM EST) -- Solyndra LLC, backed by the U.S. government, defended itself Wednesday against demands by a putative class of former employees that it retract legal protections it granted to secured lenders in Delaware bankruptcy court.

The bankrupt solar panel maker said that the move by ex-employees, who are suing the company over mass layoffs, to get certain release from liability provisions rescinded "contains strong rhetoric, but no substance."

The U.S. Department of Energy — which granted the company a controversial $535 million government-backed loan before it went under...
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