Suniva Gets DIP Cash To Fund Solar Cell Trade Petition

Law360, Wilmington (April 19, 2017, 6:48 PM EDT) -- Solar cell maker Suniva Inc. received court approval Wednesday in Delaware to draw $1.4 million in post-petition cash that will help fund its pursuit of a U.S. International Trade Commission recommendation aimed at protecting American solar cell firms from a flood of cheaper foreign imports.

During a hearing in Wilmington, attorneys for Suniva, one of the country’s largest makers of solar cells, said that foreign sources of those cells were being imported into the United States at much cheaper prices, injuring most American firms and causing...
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