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September 21, 2011 08:20 pm GMT
Executives at the now-bankrupt solar manufacturer Solyndra won't testify at the Congressional hearing which is looking into allegations of improper dealings between the green tech company and the White House.Solyndra CEO Brian Harrison and CFO Bill Stover have announced they will plead the Fifth during questioning, on advice of their legal counsel.The company, the first to be financed by the government's stimulus plan, has left taxpayers on the hook for $535 million in federally guaranteed loans, and is being held up by some as a high-profile example of President Obama's failure to properly manage government subsidies.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mTaAE8lUnL4/
Solyndra Execs Wont Testify At Congressional Hearing
Executives at the now-bankrupt solar manufacturer Solyndra won't testify at the Congressional hearing which is looking into allegations of improper dealings between the green tech company and the White House.Solyndra CEO Brian Harrison and CFO Bill Stover have announced they will plead the Fifth during questioning, on advice of their legal counsel.The company, the first to be financed by the government's stimulus plan, has left taxpayers on the hook for $535 million in federally guaranteed loans, and is being held up by some as a high-profile example of President Obama's failure to properly manage government subsidies.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mTaAE8lUnL4/
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