Solyndra Fires Back At IRS Over Ch. 11 Plan Tax Breaks

Law360, Wilmington (October 15, 2012, 3:43 PM EDT) -- Solyndra LLC on Monday defended its Chapter 11 plan against a protest from the U.S. Internal Revenue Service, saying there is nothing improper about its private equity owners taking advantage of the defunct solar company’s tax breaks after it exits bankruptcy.

Last week, the IRS asked a Delaware bankruptcy judge to reject the plan over potentially $350 million in tax breaks that are being preserved for investors Argonaut Ventures I LLC and Madrone Partners LP. The agency claims these tax attributes — largely based on Solyndra’s...
To view the full article, register now.




Case Information

Case Title

Solyndra, LLC

Case Number




Nature of Suit

Date Filed

September 6, 2011

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.