Skip to main content

U.S. Trustee Joins Objections to Solyndras Bankruptcy Plan

Submitted by webadmin on

U.S. Trustee Roberta DeAngelis joined criticisms of Solyndra LLC's plan to repay its debts, saying that the bankrupt solar panel maker should disclose whether it is favoring venture capital investors over creditors, Reuters reported yesterday. DeAngelis said in a court filing that Solyndra should provide more information about the repayment plan, which preserves potential tax benefits for the two investment funds that are sponsoring the bankruptcy plan. Earlier this week, the Department of Energy and the Internal Revenue Service also demanded more details about the tax benefits. The two agencies said in a court filing that the Madrone Partners and Argonaut Ventures funds stood to gain more than $500 million in future tax breaks from the Solyndra bankruptcy.