Feds Raid Bankrupt Solar Panel Maker Solyndra

Law360, New York (September 8, 2011, 3:52 PM EDT) -- FBI agents and U.S. Department of Energy investigators executed search warrants Thursday at the Fremont, Calif., headquarters of Solyndra LLC, which received a $535 million federal loan as part of a green energy jobs initiative before filing for bankruptcy last week.

The first company to receive a DOE loan guarantee from funds in the 2009 stimulus bill, Solyndra had been touted as a model for green jobs and had been visited by President Obama, but eventually folded under competition from Chinese companies able to offer much...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.