"Beacon Power sought protection just days after officials in the Energy Department's loan division--under sharp criticism in the wake of solar-panel maker Solyndra LLC's bankruptcy--said they would stop funding Beacon Power's loan. "
Since they botched the Solyndra deal they are using Beacon as their scapegoat to try and save face. Will be interesting to see if the judge is swayed by any of this.
Haven't been keeping up with the filings, maybe Robo has some input.
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