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Wednesday, August 29, 2012

DOE Questions Solyndra Bankruptcy Plan

DOVER, Del. — Lawyers for the federal government say Solyndra LLC needs to provide more information in its reorganization plan about tax breaks that could be worth hundreds of millions of dollars to private equity funds that control the failed solar power company.

The Department of Energy and the Internal Revenue Service are objecting to a disclosure statement filed by Solyndra, which received a half-billion dollar loan from the Obama administration before filing for bankruptcy last year.


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