"Solyndra, apparently still able to pay its lawyers, is suing China's solar manufacturers Suntech, Trina, and Yingli for $1.5 billion.
In a 52-page complaint on behalf of its client, Solyndra, law firm Winston & Strawn is seeking to demonstrate violations of the Sherman antitrust laws in a $1.5 billion lawsuit. (Here's a link to the document.)
Here's some text from the complaint:
This is an action for attempted monopolization, conspiracy, predatory pricing, tortious interference, and price fixing that seeks redress for the anticompetitive acts of an illegal cartel of Chinese solar panel manufacturers who conspired to, and succeeded in, destroying Solyndra, a company that was once named one of the "50 Most Innovative Companies in the World" by the Massachusetts Institute of Technology."
This is undoubtedly one of those curious situations where something which is ostensibly a positive in reality is less so politically. In other words, while a win for Solyndra would presumably allow it to pay some of its creditors (including the US government, and therefore US taxpayers) back to some extent, it is unlikely that the voting public will think about things that way.
Instead, to many angry (and often 'undecided') voters, Solyndra represents the failed policies of a failed administration rather than a losing company in a portfolio of many other government investments in renewables. Being very keenly aware of that fact, it is reasonable to believe that Team Obama would rather Solyndra stay out of the news altogether than show up - even as a 'winner' - this close to the election.
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