Solyndra Bankruptcy Reorganization Wins ACG Energy Deal of the Year
Third Annual ACG New York Champion’s Awards
At a gala held on Thursday, June 20, 2013, at The Metropolitan Club in New York City, Pachulski Stang Ziehl & Jones was pleased to be among the group of professionals awarded "Energy Deal of the Year" by ACG® New York and The M&A Advisor.
Solyndra LLC
The firm was debtor’s counsel to Solyndra, which prior to its filing for chapter 11 in September 2011 was a leading manufacturer and retailer of solar photovoltaic power systems for large commercial and industrial rooftop applications. The firm assisted Solyndra and its parent holding company in successfully exiting bankruptcy through a chapter 11 plan that satisfied a multitude of priority and administrative claims, resolved an employee class action and various inter-creditor disputes, provided the means to maximize asset values, and preserved net operating losses at the parent level. The firm currently represents the trustee of the Solyndra Residual Trust created under the plan.
The firm was also nominated for
- Law Firm of the Year
- Turnaround Deal of the Year - American Suzuki
- Turnaround Deal of the Year - Solyndra
- Retail Manufacturing/Distribution Deal of the Year - Reddy Ice
ACG® New York, Inc. (www.acgnyc.org), the founding chapter of The Association for Corporate Growth, is the leading membership organization in New York that facilitates relationship building and focused education for middle-market deal-making professionals. Visit www.maadvisor.com to learn more about The M&A Advisor.