Satcon Gains Access To Cash Collateral In Ch. 11 Case

Law360, Wilmington (October 18, 2012, 9:58 PM EDT) -- A Delaware bankruptcy judge on Thursday signed off on Satcon Technology Corp.'s use of cash collateral and other first-day motions intended to keep the solar-power conversion company running as it attempts to streamline and reorganize in Chapter 11.

Satcon and its subsidiaries, which make and distribute inverters that convert solar power into direct current usable by the grid, enjoyed strong growth as solar projects boomed through 2011 but sought court protection in the face of a severe liquidity crisis resulting from a global market downturn....
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