'Solyndra Firestorm' Drove Beacon Power Into Ch. 11: Atty

Law360, Wilmington (November 2, 2011, 10:00 PM EDT) -- Beacon Power Corp., which received a government-backed loan under the same stimulus program as Solyndra LLC, was starved of investment and pushed into bankruptcy in Delaware by the political furor surrounding Solyndra’s demise, an attorney for the company said in court Wednesday.

At a first-day hearing in the smart grid technology company’s Chapter 11 case, Beacon attorney William R. Baldiga of Brown Rudnick LLP said the company had no trouble attracting investors before Solyndra’s failure in September, which spawned a congressional probe into the solar panel...
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