Solyndra Looks Ahead To Auction As Bid Deadline Passes

Law360, New York (January 18, 2012, 3:23 PM EST) -- Bankrupt solar-panel manufacturer Solyndra LLC failed to attract any bids from buyers by a Tuesday deadline, and company representatives said its assets would go on the auction block in February.

Solyndra — whose $535 million government-backed loan ignited a fierce debate on Capitol Hill over the Obama administration’s efforts to promote clean energy — had hoped for a turnkey sale that would allow a buyer to restart production at the company's Fremont, Calif., facilities and rehire some of the 1,000 employees who were laid off when...
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