Solar Trust Gets Green Light To Auction Assets In Ch. 11

Law360, Wilmington (May 11, 2012, 5:50 PM EDT) -- A Delaware bankruptcy judge on Friday gave Solar Trust of America LLC the go-ahead to auction its assets, which include a 1,000-megawatt solar power project under development in California that would be the largest of its kind.

At a court hearing in Wilmington, U.S. Bankruptcy Judge Kevin Gross approved bidding procedures for a June 21 auction, with bids due June 18.

“I’m satisfied the bid procedures are fair and reasonable and conceived in order to obtain the highest and best offer for the debtors’ assets,” the...
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