Solyndra bankruptcy trustee proposes taking over if execs keep invoking Fifth

Steve Korris Oct. 4, 2011, 8:36am

WILMINGTON, Del. (Legal Newsline) – U.S. bankruptcy trustee Roberta DeAngelis proposes to take over management of solar panel maker Solyndra if its leaders keep pleading Fifth Amendment privilege against self incrimination.

On Sept. 30, she asked Bankruptcy Judge Mary Walrath to appoint a trustee over chief executive Brian Harrison and chief financial officer W.G. Stover.

In the alternative, she recommended conversion of Solyndra's intricate Chapter 11 rescue into a simple Chapter 7 liquidation.

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