Bankruptcy judge approves Solyndra bonuses
{{#rendered}} {{/rendered}}A Delaware bankruptcy judge has approved close to $370,000 in bonuses for certain employees of Solyndra LLC, a solar panel manufacturer that received a half-billion dollar loan from the federal government before declaring bankruptcy.
Solyndra, based in Fremont, Calif., wanted to award bonuses of up to $500,000 to as many as 21 employees but scaled back its request after discussions with its official creditors committee.
The judge approved the revised bonus request following a hearing Wednesday.
Solyndra, which has failed to find a buyer to operate the company as a going concern, says it needs to retain key employees with the expertise needed for an orderly liquidation of its remaining assets.
{{#rendered}} {{/rendered}}Attorneys for former Solyndra workers laid off just before bankruptcy filing objected to the proposed bonuses.