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Bankruptcy

Nov. 5, 2012

IRS to appeal judge's approval of Solyndra reorganization plan

The Internal Revenue Service will appeal a judge's approval of bankrupted solar company Solyndra's restructuring plan because the agency argues it would allow the company to avoid paying taxes.


By Hadley Robinson


Daily Journal Staff Writer


The Internal Revenue Service will appeal a judge's approval of bankrupted solar company Solyndra's restructuring plan because the agency argues it would allow the company to avoid paying taxes.


On Oct. 22, a bankruptcy judge in Delaware approved Solyndra's plan to sell off its assets and to dissolve Solyndra LLC, but keep parent company Solyndra Corp. and its ownership intact. Solynd...

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