$90M Sale Of Solyndra Factory, HQ To Seagate Gets Clearance

By Lance Duroni (November 15, 2012, 2:14 PM EST) -- Solyndra LLC received a Delaware bankruptcy judge's blessing Thursday to sell its sprawling solar panel factory and headquarters in Fremont, Calif., to hard drive manufacturer Seagate Technology LLC for $90.3 million, wrapping up the company's yearlong liquidation.

At a court hearing, U.S. Bankruptcy Judge Mary F. Walrath approved Cupertino, Calif.-based Seagate's purchase of the 411,000-square-foot facility and surrounding 30 acres.

No other bidders turned up to challenge Seagate's stalking horse offer, according to Joshua Fried of Pachulski Stang Ziehl & Jones LLP, who represents Solyndra. The company resolved a handful of objections to the deal from creditors asserting mechanic's liens at...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!