Current updates are not available. Earlier updates remain below for historical context and may no longer reflect the case’s current position.
Earlier updates
These updates were replaced by later case developments and may no longer reflect the current case.
Petition·
Suntech America, Inc. filed chapter 11 on January 12, 2015, opening Case No. 15-10054 and seeking joint administration with Suntech Arizona, Inc. Dkt. 1Dkt. 16. Robert Moon, the Suntech Group’s chief restructuring officer, described the U.S. cases as the domestic end of a global solar restructuring: Suntech America had shifted from module distribution toward liquidation after tariffs, collapsed panel pricing, and upstream insolvency proceedings disrupted the business Dkt. 8.
The filing was not a secured-debt restructuring. The debtors reported no secured debt; Suntech America held about $10 million of unencumbered cash, $6.5 million of PV module inventory, and roughly $110 million of mostly intercompany receivables, against about $112,000 of third-party trade payables, $55.4 million of intercompany obligations, and a disputed $107.5 million Wuxi Suntech obligation Dkt. 8. The case also carried litigation overhang: Solyndra and Energy Conversion Devices antitrust suits sought damages approaching $2.5 billion across defendants, while Wuxi asserted major contract claims against Suntech Arizona Dkt. 8.
