Bankrupt Satcon Opens Auction To Partial Bids, Liquidators

Law360, Wilmington (January 28, 2013, 9:43 PM EST) -- A Delaware bankruptcy judge on Monday approved Satcon Technology Corp.'s motion to expedite its sale process and open its auction to piecemeal offers and liquidators, a request made after the failure to land a stalking-horse bidder short-circuited the solar-energy company's budget.

Boston-based Satcon had sought to either reorganize or sell itself as a going concern at a late February auction, but was forced to tighten its timetable and alter its aims after losing access to the cash collateral that had funded its Chapter 11 case....
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