Satcon Trustee Gets Nod To Jump-Start Operations

Law360, Wilmington (April 11, 2013, 8:25 PM EDT) -- A Delaware bankruptcy judge on Thursday gave Satcon Technology Corp.'s Chapter 7 trustee the green light to access cash collateral, which the trustee will use to restart operations at the shuttered solar energy firm on a limited basis.

Trustee Charles M. Forman, appointed in February after Satcon's sudden descent into Chapter 7, will use those funds to hire a skeleton crew of former employees and finish up a collection of contracts and orders which were nearly complete when the case was converted.

U.S. Bankruptcy Judge Kevin...
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