Solyndra Weighs Abandoning Turnkey Sale Efforts

Law360, Wilmington (November 22, 2011, 9:50 PM EST) -- After efforts to sell its solar panel business intact drummed up little interest, Solyndra LLC is preparing to sell off its machinery and equipment piecemeal as a backup plan, an attorney for the company said Tuesday in Delaware bankruptcy court.

Solyndra — whose $535 million government-backed loan has ignited a fierce debate on Capitol Hill over the Obama administration’s efforts to promote clean energy — is still in talks with several potential bidders for a turnkey sale of its California manufacturing plant and other assets, company...
To view the full article, register now.
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.