Solyndra Was Candid With DOE Over Risks, Report Says

Law360, New York (March 28, 2012, 2:09 PM EDT) -- Solyndra LLC kept officials at the U.S. Department of Energy fully apprised of its financial problems as the government-aided solar panel maker careened toward bankruptcy, the company’s chief restructuring officer said in a report Tuesday.

The nearly 200-page report by R. Todd Nielson gave a detailed, step-by-step accounting of Solyndra’s demise after the company received a $535 million loan guarantee in 2009. Nielson was hired by Solyndra’s board within a month of the company’s Chapter 11 filing in September.

Solyndra shared reams of information with the...
To view the full article, register now.