June 14, 2013
A Delaware bankruptcy judge paved the way for Great Wall Energy to purchase assets of Satcon Technology Corp. for $6.25 million, signing off on a settlement between formerly feuding factions in the shuttered solar firm's 8-month-old case.
May 29, 2013
China-based Great Wall Energy on Wednesday reached an eleventh-hour deal to purchase the assets of shuttered solar firm Satcon Technology Corp. for $6.25 million, trumping a previous offer that had been teed up for a sale hearing in Delaware bankruptcy court.
April 11, 2013
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.
April 08, 2013
Satcon Technology Corp.'s senior lender expressed doubts Monday about a proposal to temporarily revive operations at the bankrupt solar energy firm, saying the Chapter 7 trustee's plan to increase recoveries must be viewed in light of the company's previous inability to sell its assets.
March 27, 2013
The Chapter 7 trustee overseeing Satcon Technology Corp. sought court permission Tuesday to operate the shuttered solar energy company for a limited time, asserting that reviving certain operations would produce a far greater return than moving directly toward a liquidation sale.