Solyndra and parent company 60 Degree Solar have won court approval to exit bankruptcy...

|By:, SA News Editor

Solyndra and parent company 60 Degree Solar have won court approval to exit bankruptcy protection despite government objections. While Solyndra will be liquidated, 60 Degree Solar will be free to make new investments. Under a restructuring plan, the government is unlikely to receive any of its $528M claim from a loan guarantee, nor will holders of $186.6M in secured debt.