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Date Posted: 09:25:24 05/29/12 Tue
Author: john k
Subject: And we Own:Evergreen Solar"
In reply to: rabw 's message, "Re: 38 Studios: Broke Rhode Island now owns a video game company" on 08:41:41 05/29/12 Tue

vergreen Solar Inc., the Massachusetts clean-energy company that received millions in state subsidies from the Patrick administration for an ill-fated Bay State factory, has filed for bankruptcy, listing $485.6 million in debt.

Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months. The cash-strapped company announced today has sought a reorganization in U.S. Bankruptcy Court in Delaware and reached a deal with certain note holders to restructure its debt and auction off assets.

http://bostonherald.com/business/technology/general/view/2011_0815evergreen_solar_files_for_bankruptcy_plans_asset_sale

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