Solyndra Alleges Chinese Solar-Panel Cartel ‘Destroyed’ It
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Solyndra LLC, the bankrupt solar-panel maker that received a $535 million U.S. government loan guarantee, accused Suntech Power Holdings Co. and other Chinese panel makers of driving it out of business by running an illegal cartel.
Solyndra, which filed for bankruptcy protection in August 2011, is seeking compensation “for the loss of the $1.5 billion value of its business and more which defendants destroyed,” according to a complaint filed yesterday in federal court in San Francisco.