Solyndra Fights Suntech's Bid For Ch. 15 Protection

Law360, New York (March 18, 2014, 4:46 PM EDT) -- Solyndra Residual Trust on Monday objected to Suntech Power Holdings Co. Ltd.’s petition for Chapter 15 protection, claiming Suntech is trying to avoid liability in litigation with American noteholders and for destroying the American solar panel industry.

Suntech, formerly one of the world's largest makers of photovoltaic cells, filed for Chapter 15 protection in New York bankruptcy court in February in an attempt to stop a group of creditors from forcing the company into an involuntary Chapter 7 liquidation. Suntech is looking to have a bankruptcy...
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