Back to 2012, following an investigation, tariffs on cells and modules imported from China were put in place.
On November 10, 2015, the Debtors filed petitions for chapter 11 relief together The Plan contained a settlement (embodied in a prepetition restructuring support agreement) that resolved disputes between the Debtors, certain prepetition lenders under the 2014 Credit Agreement and the Debtors' equity holders, Millennium Lab Holdings, Inc. As anticipated, the Plan provided for the creation of the two trusts: the Millennium Corporate Claim Trust (the "Corporate Trust") and the Millennium Lender Claim Trust (the "Lender Trust," and collectively with the Corporate Trust, the "Trusts"). Morgan Securities LLC; Citibank Global Markets Inc.; BMO Capital Markets Corp.; Bank of Montreal Sun Trust Bank) (ii) Simpson Thacher & Bartlett LLP, the law firm that represented J. The Objectors generally assert that: (i) the Court lacks subject matter jurisdiction over the post-confirmation Rule 2004 Motion and (ii) the information requested in the Rule 2004 Motion either falls outside of the scope of Rule 2004 or is overly broad. Absent this provision, a debtor would be required to investigate and prosecute all avoidance and other causes of action prior to confirming a plan, which may take years.Section 1123(b) (3) of the Bankruptcy Code facilitates the use of a liquidating trust for prompt administration of the estate by providing post-confirmation standing to an appointed representative of the estate to enforce claims and interests.Result of action: Aside from industry participants and observers lining up on one side or the other it was Business as Usual.Prices increased slightly for smaller buyers and did not decrease as rapidly for smaller buyers.