Satcon Technology Corporation Bankruptcy New Filing Alert: Motion For Setoff Or Recoupment Of Claims

On February 11, 2015, a motion for setoff or recoupment of claims was filed in the bankruptcy case of Satcon Technology Corporation and its affiliates.

The filing was assigned docket number 932 and is described on the court’s official docket as follows:

Motion to Approve Stipulation Trustee’s Motion for an Order Approving Amended Stipulation Between Silicon Valley Bank and Trustee Granting Leave from the Automatic Stay for Silicon Valley Bank to Set Off Cash Collateral Filed by Charles M. Forman. Hearing scheduled for 3/3/2015 at 02:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. (Attachments: # (1) Notice # (2) Exhibit A – Amended Stipulation # (3) Exhibit B – Proposed Order) (Reilley, Patrick)

Satcon Technology Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 17, 2012. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 12-12869. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Greenberg Traurig, LLP is acting as lead bankruptcy counsel to Satcon Technology Corporation in the bankruptcy case.


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