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Solyndra, LLC

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Case overview

Case Number:

1:11-bk-12799

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. October 10, 2012

    IRS Says Solyndra's Ch. 11 Plan Is Ploy To Skirt Taxes

    The Internal Revenue Service moved to derail Solyndra LLC's bankruptcy plan on Wednesday, claiming the plan cannot be approved because its "principal purpose" is to help the defunct solar company's private equity owners avoid paying taxes.

  2. October 09, 2012

    Union Says Private Creditors Hog Solyndra Ch. 11 Dollars

    A labor union went public Tuesday with an objection to the reorganization plan of Solyndra LLC, saying private interests unfriendly to labor would unfairly take the lion's share of more than $300 million in tax credits in the solar panel-maker's politically charged bankruptcy.

  3. September 24, 2012

    Solyndra To Auction Factory, HQ With $90M Stalking Horse

    A Delaware bankruptcy judge on Monday cleared Solyndra LLC to auction its sprawling California solar panel factory and headquarters, with hard drive manufacturer Seagate Technology LLC providing the initial $90.3 million stalking horse bid.

  4. September 21, 2012

    Ex-Solyndra Landlord To Get Part Of $13M Claim In Ch. 11 Pact

    Solyndra LLC has agreed to pay a portion of a $13.2 million damages claim by the former landlord of its Fremont, Calif., manufacturing facility, which was shuttered when the company tumbled into bankruptcy, according to court documents filed Thursday.

  5. September 07, 2012

    Feds Poised To Fight Solyndra Ch. 11 Plan Over Tax Breaks

    Solyndra LLC on Friday won Delaware bankruptcy court approval to submit its Chapter 11 plan to creditors for a vote but still faces a likely U.S. government challenge to the plan over tax breaks for the defunct solar energy company's private equity investors.

  6. September 05, 2012

    Solyndra Reveals Up To $341M In Tax Breaks

    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.

  7. August 29, 2012

    Solyndra's Ch. 11 Plan Lacks Info, US Trustee Says

    The U.S. trustee on Tuesday urged a Delaware bankruptcy judge to reject Solyndra LLC's proposed disclosure statement, saying it lacks crucial information concerning the one arm of the defunct solar-panel maker slated to survive under the plan.

  8. August 27, 2012

    DOE Calls For More Disclosure On Solyndra Tax Breaks

    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.

  9. August 23, 2012

    Seagate Bids $90M For Solyndra Factory And Headquarters

    Bankrupt Solyndra LLC has cut a deal to sell its most valuable asset — a sprawling solar panel factory and headquarters in Fremont, Calif. — to hard drive manufacturer Seagate Technology LLC for about $90.3 million, the solar company said Wednesday.

  10. August 13, 2012

    Solyndra To Pay $3.5M To Settle WARN Act Claims

    Solyndra LLC on Friday agreed to pay $3.5 million to settle a proposed employee class action that claimed the bankrupt solar energy company unlawfully failed to give workers enough warning before they were laid off.

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