Bankrupt Evergreen Solar Sues Chinese JV Partner

Law360, New York (February 15, 2012, 7:52 PM EST) -- Bankrupt solar panel manufacturer Evergreen Solar Inc. on Wednesday filed suit in Delaware bankruptcy court against its Chinese partner in a controversial joint venture launched in 2009 to cut the struggling company's costs by moving some production to China.

The suit accuses Hubei Science and Technology Investment Co. Ltd. of improperly trying to keep Evergreen from selling some of its assets at a bankruptcy auction. The company is seeking an order voiding certain liens Hubei has asserted.

At issue is the companies' $50 million Jiawei Solarchina...
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