DOE Calls For More Disclosure On Solyndra Tax Breaks

Law360, Wilmington (August 27, 2012, 3:18 PM EDT) -- Clamoring for some semblance of a return on its controversial $535 million loan to Solyndra LLC, the U.S. Department of Energy on Friday demanded more information on tax breaks that the defunct solar panel maker hopes to cash in upon exiting bankruptcy.

In an objection filed in Delaware bankruptcy court, the DOE, joined by the Internal Revenue Service, said the disclosure statement on Solyndra's Chapter 11 plan should be rejected because it explains little about how the company's private equity owners — plan sponsors Argonaut Ventures...
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