Despite Fed Protests, Court OKs Solyndra Bankruptcy
Government may appeal decision
By Evann Gastaldo,  Newser Staff
Posted Oct 22, 2012 12:46 PM CDT
In this Sept. 16, 2011 file photo the Exterior of solar-panel manufacturer Solyndra is seen in Fremont, Calif.   (AP Photo/Paul Sakuma,File)

(Newser) – Failed solar company Solyndra got court approval for its bankruptcy plan today—despite objections from the US government. The government had accused the plan of providing $341 million in improper tax breaks for investors, but a judge said the government didn't prove that the main goal of Solyndra's bankruptcy plan was to provide said tax benefits. An IRS attorney says the government may appeal, Reuters reports.

 

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