Solyndra Reveals Up To $341M In Tax Breaks

Law360, Wilmington (September 5, 2012, 2:33 PM EDT) -- Solyndra LLC on Wednesday disclosed to a Delaware bankruptcy court details on tax breaks that could be worth up to $341 million after the defunct solar panel maker exits bankruptcy, but rejected the U.S. government’s suspicion that the breaks could unfairly benefit the company’s private equity investors.

Responding to an objection from the U.S. Department of Energy and the Internal Revenue Service, Solyndra said its parent, 360 Degree Solar Holdings Inc., possesses between $875 million and $975 million of net operating loss carryforwards, tax breaks in...
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