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Solar Co. Freedom Forever Hits Ch. 11 With Over $500M Debt

A grid of solar panels appears on the roof of a home, surrounded by trees and a clear sky

By Rick Archer

California-based home solar panel installer Freedom Forever filed for Chapter 11 protection in Delaware bankruptcy court Wednesday with more than $500 million in debt, including $114 million owed to residential solar panel financing firm Mosaic.


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Top Stories
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  • Freshfields-Led Standard Life To Buy Aegon UK For £2B

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    Standard Life PLC said Wednesday that it will buy the British subsidiary of Dutch insurer Aegon for £2 billion ($2.7 billion) in cash and stock to create a major U.K. retirement savings and income business.

  • Google Sued By Rival Over 'Interrelated Web' Of Monopolies

    By Rae Ann Varona

    Google's "anticompetitive chokehold" over Android app distribution and in-app billing markets has kept Portugal-based Android app store alternative Aptoide from being able to compete with the tech giant, Aptoide alleged in a complaint filed Tuesday in California federal court challenging Google's "interrelated web" of monopolies.

  • Alphabet Investors Near Class Cert. In Google Probe Case

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    A California federal judge on Tuesday indicated she was leaning toward granting class certification for Alphabet Inc. investors in a suit against the Google parent company over an allegedly false statement CEO Sundar Pichai made to Congress in 2020 about the fairness of ad auctions.

  • Westlake Inks $67M Antitrust Deal With PVC Pipe Buyers

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    Purchasers of polyvinyl chloride pipe urged an Illinois federal judge Tuesday to sign off on a proposed $67 million deal with Westlake Corp. that would put to rest allegations it and other PVC pipe producers conspired to fix prices, according to a motion filed in Illinois federal court.

  • Judiciary Panel Backs Legal Finance Project, Subpoena Rules

    By Jeff Overley

    Federal judiciary advisers agreed Tuesday to develop transparency obligations for litigation funders despite "vehement" views in the defense and plaintiffs bars, while also advancing controversial subpoena rules involving remote testimony and process servers.

  • 2nd Circ. Mulls Bid To Save Walmart, E-Commerce Co. IP Case

    By Theresa Schliep

    A Second Circuit panel on Tuesday grappled with a group of businesses' attempt to revive its copyright and trademark case against Walmart and an e-commerce company, with the judges wondering whether the businesses impermissibly expanded their safe harbor arguments on appeal.

  • Evidence Cut In Weinstein's 3rd NY Rape Trial As Jury Picked

    By Frank G. Runyeon

    Six years after the first #MeToo verdict against Harvey Weinstein, a New York state judge on Tuesday began picking a jury for the disgraced producer's third rape trial in Manhattan and ruling on what evidence would come in.

  • 3M's Disputed Role In Factory Explosion Heard By Texas Jury

    By José Luis Martínez

    Businesses affected by a 2020 industrial explosion told a Houston jury Tuesday that 3M's gas detection servicing work failed to ensure alarms were operative prior to the fatal disaster, as opposed to claims by the company that fault falls on the facility's "culture of carelessness."

  • VLSI's Calif. IP Suit Against Intel Revived By Fed. Circ.

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    The Federal Circuit breathed new life into one of VLSI Technology's patent infringement suits against Intel Corp. on Tuesday, concluding a California federal judge wrongly interpreted an agreement between the companies to limit the scope of litigation.

  • Foundation Building Investors Ink $26M Deal Over PE Buyout

    By Katryna Perera

    The CEO, controlling investor and board members of specialty building product maker Foundation Building Materials Inc. and others have reached a $26 million settlement with stockholders who challenged the company's $1.4 billion sale to a private equity buyer on claims that the defendants breached their fiduciary duties.

  • IBM's FCA Deal Creates Unease Over DEI Enforcement Scope

    By Madeline Lyskawa

    IBM's agreement to pay the Trump administration $17 million to resolve allegations it violated the False Claims Act with policies aimed at increasing the diversity of its workforce continues to raise more questions than answers about what the administration views as illegal diversity, equity and inclusion programs.

  • Meta, Others Can't Look At Internal Data To Probe Jury Pool

    By Dorothy Atkins

    A California federal judge on Tuesday granted an uncontested bid by school district plaintiffs to bar Meta and other social media companies from using nonpublic information — including their internal data — to investigate potential jurors for an upcoming bellwether trial in multidistrict litigation over the alleged harms of social media addiction.

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Latest News

  • AA Hit With £5M Fine Over Hidden Driving Lesson Fees
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  • NAACP Sues Musk's XAI Over Data Center Pollution In Miss.
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  • Penn National Says No Coverage In Property Sale Fraud Suit
  • American Flag Seller Settles FTC's False 'Made In USA' Claims
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