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

Law360, Wilmington (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...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Solyndra, LLC


Case Number

1:11-bk-12799

Court

Delaware

Nature of Suit

Date Filed

September 6, 2011

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.