Firm Represents Investors in Bankruptcy of Solar Power Company
The Firm represents the principal investors of Level Solar, Inc., a residential rooftop solar developer that sought bankruptcy relief in the United Stated Bankruptcy Court for the Southern District of New York. In re Level Solar, Inc., 17-13469-rg (Bankr. S.D.N.Y.) The matter presents complex issues related to the solar industry’s tax credit finance structures, made more difficult by alleged malfeasance by the company’s founder and CEO, among others. Before the Firm became involved, the bankruptcy court appointed a Chapter 11 trustee to administer the highly contentious case. The Firm and our clients have worked closely with the trustee and other key creditor constituencies, and successfully formulated a plan of reorganization our clients jointly proposed with the Chapter 11 Trustee. The plan confirmation process is underway.