Topic - Solyndra Llc

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  • **FILE** Solyndra headquarters in Fremont, Calif. (Associated Press)

    Solyndra consultants pursue pay for tax work

    With its bankruptcy case ended and its failure faded from headlines, solar panel maker Solyndra LLC appears set to receive a big reduction in years worth of overdue property tax bills, potentially setting up tax consultants with a hefty seven-figure payday.

  • **FILE** Solyndra headquarters in Fremont, Calif. (Associated Press)

    Justice asks for more on Solyndra

    The Justice Department probe into the collapse of solar panel maker Solyndra LLC after the company received a half-billion dollars in federal loan guarantees has prompted requests by government lawyers investigating the company for closing documents and invoices, according to newly filed court records.

  • **FILE** Solyndra headquarters in Fremont, Calif. (Associated Press)

    Solyndra lawyers reap green, but not energy

    Bankrupt solar-panel company Solyndra LLC and the criminal investigation into its downfall have faded from public view, but the law firm representing the company in a grand jury probe quietly has stayed busy, racking up nearly a half-million dollars in legal fees over the past year, records show.

  • The headquarters of Solyndra Inc. in Fremont, Calif., are shown in May 2010. (AP Photo/Paul Sakuma)

    Solyndra defends plan to regroup

    Bankrupt solar panel maker Solyndra LLC defended its reorganization plan Monday against mounting criticism from the federal government, while launching a legal offensive against Chinese solar companies over what it deems unfair trade practices.

  • The headquarters of Solyndra Inc. in Fremont, Calif., are shown in May 2010. (AP Photo/Paul Sakuma)

    IRS says 'tax avoidance' at heart of Solyndra bankruptcy plan

    The Internal Revenue Service urged a bankruptcy judge to reject solar panel maker Solyndra LLC's bankruptcy plan Wednesday, saying it amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes.

  • Bankrupt solar company Abound ruled not on par with Solyndra

    When he appeared before a House committee during the summer to explain why his solar company went bankrupt owing taxpayers $70 million, the chief executive for Abound Solar Inc. placed the blame largely on competition from heavily subsidized Chinese competitors.

  • Romney debate attack on green energy, says Obama picks 'losers'

    President Obama's unwavering support for taxpayer-funded "green" energy projects came under fire at Wednesday night's presidential debate, with Republican Mitt Romney on the attack, accusing the incumbent of picking "losers" in the energy sector while turning his back on American fossil fuels such as natural gas and coal.

  • **FILE** FCC Chairman Julius Genachowski (Associated Press)

    Obama team sued for failure of Bush loan

    Nearly a year after members of Congress called for an investigation into the collapse of a Colorado wireless company that went bankrupt after receiving a multimillion-dollar loan package from the George W. Bush administration, a trustee is suing the Obama administration over accusations that officials hastened the wireless firm's collapse.

  • (Associated Press)

    Solyndra layoffs suit ends out of court

    More than 800 workers who lost their jobs in mass layoffs in the days before Solyndra LLC went bankrupt — just two years after the company won a more than half-billion-dollar federal loan — have reached a settlement as the company's bankruptcy grinds toward a close, according to newly filed court papers.

  • ** FILE ** Rep. Jim Jordan. (Associated Press)

    Officials for solar firm tell House China subsidies were key to collapse

    Former top officials of federally backed Abound Solar told a House subcommittee July 18 that subsidies from China caused the company's collapse, while Republicans pressed a former government loan official about whether he used his personal email account to skirt records laws while discussing clean energy projects.

  • Officials for solar firm tell House China subsidies were key to collapse

    Former top officials of federally backed Abound Solar told a House subcommittee Wednesday that subsidies from China caused the company's collapse, while Republicans pressed a former government loan official about whether he used his personal email account to skirt records laws while discussing clean energy projects.

  • Secretary of Energy Steven Chu (right) and Sen. Harry Reid, Nevada Democrat, announce construction of a hybrid geothermal/solar power plant in Nevada last summer. (Associated Press)

    Lights go dim on another energy project

    A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada — which received hearty endorsements from Energy Secretary Steven Chu and Senate Majority Leader Harry Reid — faces financial problems, and the company's auditors have questioned whether it can stay in business.

  • Secretary of the Interior Ken Salazar (second from left) examines solar electric panels at the Abound Solar Inc. manufacturing plant in Longmont, Colo., in 2009. The company borrowed about $70 million from the federal government only to file for bankruptcy and close its doors. The company also received nearly $12 million in tax credits. (Associated Press)

    Yet another government-backed solar company turns out the lights

    Another government-backed solar energy company has decided to turn out the lights while still owing tens of millions of dollars to U.S. taxpayers.

  • Feds call bankrupt energy firm an 'empty shell'

    Not yet two years after the Department of Energy awarded $43 million in loan guarantees for Beacon Power's energy storage plant, government attorneys are calling the bankrupt solar company and its affiliates little more than "empty shells" benefiting lawyers and other bankruptcy professionals.

  • The headquarters of Solyndra Inc. in Fremont, Calif., are shown in May 2010. (AP Photo/Paul Sakuma)

    Treasury oversight of Solyndra loan was cut short

    The Treasury Department's oversight role of a half-billion-dollar federal loan guarantee to Solyndra LLC was not sufficiently defined, the consultation that did occur was "rushed" and no records were kept as to how Treasury's serious concerns with the loan were addressed, a report says.

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