The Daily Docket: Solyndra’s Losses Could Mean Profits for Private E...

08/28/12

The U.S. Department of Energy and the Internal Revenue Service are demanding information on potential tax breaks that could allegedly be worth “hundreds of millions of dollars” to the private equity firms behind failed solar power equipment maker Solyndra LLC. Read the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

Homeowners with mortgages serviced by Residential Capital LLC want to form an official committee in the company’s bankruptcy case, which would give them a louder voice in the company’s complicated Chapter 11 proceedings. Read the DBR article via The Wall Street Journal.

Germany’s solar-equipment sector is hurting thanks to a plunge in prices over the past two years, the Financial Times (sub. req.) reports.

William Ackman again urged General Growth Properties Inc. to sell itself, Reuters reports.

According to WSJ, there’s a battle raging for control over hedge funds run by Fletcher Asset Management.

Saab Automobile’s former owner wants to make a new car based on Saab technology, Driver’s Seat reports.

According to the New York Times, the Rangers Scottish soccer club hasn’t been doing so well this season.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.


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