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Latest Solyndra Llc Items
Abound Solar, propped up by tens of millions of dollars in federal loans that remain unpaid, acknowledged defects in the solar panels it was selling before the Colorado company went bankrupt, according to a customer.
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.
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.
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 recent election has made me re-examine everything I am thankful for this season. For instance, I'm glad I'm not a baker who worked at Hostess Brands Inc., a diplomat who works in this administration or an assembly-line worker at Solyndra LLC.
The recent bankruptcy of battery maker A123 Systems after it won a nearly quarter-billion-dollar federal grant threatens the business prospects of another well-known government-backed company: luxury car manufacturer Fisker Automotive.
Battery maker A123 Systems vowed thousands of new jobs when it received a nearly quarter-billion-dollar stimulus grant in late 2009, but federal job-tracking figures show only a few hundred positions were created before the company joined a growing list of federally backed energy businesses that ended in bankruptcy.
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 White House contends that all energy loan guarantees are awarded solely on the merits of the project, with no political influence from President Obama, Vice President Joseph R. Biden or other administration officials. But a series of emails from solar power giant BrightSource Energy Inc. show how the company applied political pressure and used behind-the-scenes cajoling to win a $1.6 billion loan guarantee in April 2011.