DOE Wants To Block Deposition On Stake In A123 Assets

Law360, Wilmington (December 7, 2012, 7:14 PM EST) -- The U.S. Department of Energy on Friday moved to quash a deposition demanded by creditors of bankrupt A123 Systems Inc. concerning the government’s stake in the stimulus-funded battery maker’s assets, which went up for auction Thursday.

With the hotly contested auction ongoing in Chicago, the Energy Department — which handed A123 a $249 million clean energy grant in 2009 — said in a Delaware bankruptcy court filing that it doesn’t need to explain further to A123’s creditors committee about the government’s limited control over assets funded...
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