From the
Washington Times.com - In the fallout of the collapse of solar-panel maker Solyndra LLC — a company awarded more than a half-billion dollars in federal loans before it went bankruptlate last month — members of Congress are demanding to know how all that money was spent. The answer, in part, can be found in a review of public federal contracting records, which detail payments to dozens of vendors and contractors that received funds reported through the $535 million in loan guarantees awarded to Solyndra to build a solar plant in Fremont, Calif. Before Solyndra went bankrupt and its headquarters were raided by the FBI, law firms that highlighted their work on the loan-guarantee package received millions of dollars in legal fees, according to payments disclosed through the American Recovery and Reinvestment Act. Morrison Foerster, which represented the Department of Energy as the loan guarantor, received more than $1.9 million for legal services. Wilson Sonsini Goodrich & Rosati, which represented Solyndra, received more than $2.4 million.
Read more
Lawyers netted millions in solar loan deal
From the Washington Times.com - In the fallout of the collapse of solar-panel maker Solyndra LLC — a company awarded more than a half-billion dollars in federal loans before it went bankruptlate last month — members of Congress are demanding to know how all that money was spent. The answer, in part, can be found in a review of public federal contracting records, which detail payments to dozens of vendors and contractors that received funds reported through the $535 million in loan guarantees awarded to Solyndra to build a solar plant in Fremont, Calif. Before Solyndra went bankrupt and its headquarters were raided by the FBI, law firms that highlighted their work on the loan-guarantee package received millions of dollars in legal fees, according to payments disclosed through the American Recovery and Reinvestment Act. Morrison Foerster, which represented the Department of Energy as the loan guarantor, received more than $1.9 million for legal services. Wilson Sonsini Goodrich & Rosati, which represented Solyndra, received more than $2.4 million. Read more
Posts
0 comments:
Post a Comment