Solyndra Fights Suntech's Bid For Ch. 15 Protection

Law360, New York (March 18, 2014, 4:46 PM EDT) -- Solyndra Residual Trust on Monday objected to Suntech Power Holdings Co. Ltd.’s petition for Chapter 15 protection, claiming Suntech is trying to avoid liability in litigation with American noteholders and for destroying the American solar panel industry.

Suntech, formerly one of the world's largest makers of photovoltaic cells, filed for Chapter 15 protection in New York bankruptcy court in February in an attempt to stop a group of creditors from forcing the company into an involuntary Chapter 7 liquidation. Suntech is looking to have a bankruptcy...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title


Case Number

1:14-bk-10383

Court

New York Southern

Nature of Suit

Date Filed

February 21, 2014

Law Firms

Companies

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.