Ex-Solyndra Workers Blast Releases For Secured Creditors
In a motion to strike release provisions contained in Solyndra’s bankruptcy loan agreement, the class representative, Peter Kohlstadt, said these “gratuitous releases” may foreclose valuable avoidance actions against the company’s secured creditors.
“The broad definitional scheme built into the releases may result in a ‘gotcha’ moment. That is, when a party is sued on an...
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