Law360, Wilmington (January 28, 2013, 9:43 PM ET) -- A Delaware bankruptcy judge on Monday approved Satcon Technology Corp.'s motion to expedite its sale process and open its auction to piecemeal offers and liquidators, a request made after the failure to land a stalking-horse bidder short-circuited the solar-energy company's budget.
Boston-based Satcon had sought to either reorganize or sell itself as a going concern at a late February auction, but was forced to tighten its timetable and alter its aims after losing access to the cash collateral that had funded its Chapter 11 case....
Bankrupt Satcon Opens Auction To Partial Bids, Liquidators
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