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OVERNIGHT ENERGY: GOP bashes White House over solar loan guarantee
But the late August news that Solyndra will suspend manufacturing, lay off 1100 employees and file for bankruptcy has opened the flood gates of GOP criticism of the administration. Republicans say the bankruptcy shows that the Obama administration's
Updated: 09/13/2011 07:10P
Solyndra Executives Postpone Congressional Testimony: Video
Harrison and Stover were scheduled to testify tomorrow after the company filed for bankruptcy protection following a $535 million US loan guarantee. Bloomberg's Megan Hughes reports the hearing will now focus on officials at the White House.
Updated: 09/13/2011 07:04P
Delaware judge rejects Washington Mutual reorganization plan, cites claims of
In a 139-page ruling issued late Tuesday, the judge said opponents of the plan had stated a reasonable claim that certain hedge funds supporting the plan had engaged in insider trading of WMI securities during the bankruptcy. The reorganization plan is
Updated: 09/13/2011 07:04P
Judge rejects Wamu reorganization plan
In a 139-page ruling issued late Tuesday, the judge said opponents of the plan had stated a reasonable claim that certain hedge funds supporting the plan had engaged in insider trading of WMI securities during the bankruptcy. The reorganization plan is
Updated: 09/13/2011 06:55P
Solyndra's bankruptcy puts Deparment of Energy in the hotseat
The spectacular collapse of Solyndra, which filed for bankruptcy last month and was the target of an FBI raid last week, has become an explosive political issue as President Obama, struggling against high unemployment, pushes his new jobs plan before a
Updated: 09/13/2011 06:54P
GE Sets Oct. 17 for $3.3 Billion Buffett Stake Redemption
The shares, callable after three years at a 10 percent premium, helped Chief Executive Officer Jeffrey Immelt raise another $12 billion from public markets two weeks after Lehman Brothers Holdings Inc. filed for bankruptcy. GE disclosed the date today
Updated: 09/13/2011 06:49P
'Living Wills' Due Next Year
FDIC officials also said the plans will help them and other regulators create private blueprints for how they would dismantle the firms outside normal bankruptcy procedures. Dodd-Frank gave federal regulators new authority to seize and break up a
Updated: 09/13/2011 06:49P
76 Thompson & Knight Attorneys Listed in Texas Super Lawyers 2011
Rhett G. Campbell (Bankruptcy & Creditor/Debtor Rights) is among the Top 100 Overall and the Top 100 Houston Texas Super Lawyers®. Bruce S. Sostek (Intellectual Property Litigation) is among the Top 100 Overall and the Top 100 Dallas/Fort Worth Texas
Updated: 09/13/2011 06:45P
Hearing on Solyndra Won't Include Executives
Two weeks after the bankruptcy of a solar company that got $527 million in government loans, the House Energy and Commerce Committee will hold a hearing on Wednesday to explore what went wrong. The tone is not expected to be friendly
Updated: 09/13/2011 06:45P
Retailer Susie's Deals Sold in Bankruptcy Court
Five months after filing bankruptcy, Susie's Deals—a Southern California retail chain that sells bargain-basement merchandise at its stores in Utah, Nevada, Arizona and California—has been sold to another Los Angeles retailer for $775000.
Updated: 09/13/2011 06:45P
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