Solyndra close to filing bankruptcy plan

Published June 15, 2012 4:08pm ET



WILMINGTON, Del. (AP) — A California-based solar panel manufacturer that received a half-billion dollar loan from the federal government before filing for bankruptcy protection is close to filing a proposal for what to do next.

An attorney for Solyndra LLC told a Delaware judge Friday that he expects to file a bankruptcy plan in the next two or three weeks, and that Solyndra has reached an agreement in principle with a majority of its major creditors.

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