Solar Trust Creditors Challenge German Parent's $211M Claim

Law360, Wilmington (November 9, 2012, 9:04 PM EST) -- Solar Trust of America LLC's unsecured creditors on Friday sued to evade $211 million of claims filed in the defunct solar developer's bankruptcy by its German parent Solar Millennium AG.

In an adversary suit filed in Delaware bankruptcy court, the official committee of unsecured creditors says Solar Millennium and two subsidiaries are asserting a smorgasbord of claims against Solar Trust, but none of them hold up to scrutiny.

Solar Millennium's claims include German-law avoidance actions, reimbursement for “alleged financing” of the debtors' bankruptcy case, and repayment...
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