Bankrupt Solyndra Seeks $4M DIP Extension, Quick Sale

Law360, New York (September 26, 2011, 4:42 PM EDT) -- Solar energy company Solyndra LLC asked a Delaware bankruptcy judge on Monday to grant a $4 million extension of its debtor-in-possession loan and confirm a scheduled auction of its assets next month, over the objection of creditors.

The motion countered a request from unsecured creditors to push back a planned Oct. 28 auction of assets held by the company, whose Sept. 6 bankruptcy filing sparked congressional and criminal investigations, and raised concerns about the financial future of solar energy.

Solyndra said postponing the sale would burn...
To view the full article, register now.




Case Information

Case Title

Solyndra, LLC

Case Number




Nature of Suit

Date Filed

September 6, 2011

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.