Solyndra Wins Court Approval to Auction Manufacturing Plant

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Solyndra LLC, the solar-panel maker that received a $535 million U.S. Energy Department loan guarantee before going bankrupt, won court approval to hold an auction for its Fremont, California, manufacturing plant.

U.S. Bankruptcy Judge Mary Walrath granted the company approval of procedures that will govern the auction at a hearing today in Wilmington, Delaware.