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Solyndra intends to file a petition for relief under Chapter 11
September 1, 2011
By: DAVID SAVASTANO
Editor, Ink World Magazine
Solyndra LLC, the American manufacturer of innovative cylindrical solar systems for commercial rooftops, announced that global economic and solar industry market conditions have forced the company to suspend its manufacturing operations. Solyndra intends to file a petition for relief under Chapter 11 of the U.S. Bankruptcy Code while it evaluates options, including a sale of the business and licensing of its advanced CIGS technology and manufacturing expertise. As a result of the suspension of o...
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