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In re: A123 Systems Inc. et al
Case Number:
1:13-cv-00083
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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March 28, 2013
Bankrupt A123 Seeks To Keep $125M Mich. Tax Credits
Defunct battery maker A123 Systems Inc. asked a Delaware bankruptcy court Wednesday to allow it to keep $125 million in two Michigan tax credits it had secured from the state before going bankrupt, saying the credits are valuable assets for its creditors.
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February 07, 2013
A123 Creditors Get Substantial Return Under Ch. 11 Plan
A123 Systems Inc. filed a liquidation plan Wednesday that envisions a significant recovery for creditors, with secured claims against the government-funded battery maker paid in full and unsecured creditors receiving a 65 percent return.