Beacon Power Corporation

  1. April 11, 2012

    Beacon Power, US Settle $6.6M Ch. 11 Fee Fight

    Brown Rudnick LLP and others representing Beacon Power Corp. in its bankruptcy cut a deal Wednesday with the U.S. government on a disputed $6.6 million professional fee tab, clearing the way for the defunct smart grid technology company to dismiss its Chapter 11 case.

  2. March 27, 2012

    Beacon Asks Court To Scuttle Its Ch. 11 Case

    Bankrupt smart-grid company Beacon Power Corp. asked a court Tuesday to dismiss its Chapter 11 case, saying its $30.5 million sale to a private equity firm did not raise enough money to continue operating or administering the bankruptcy.

  3. March 21, 2012

    US Protests Brown Rudnick's Fee Request In Beacon Bankruptcy

    The U.S. government objected last week to Brown Rudnick LLP's request for half a million dollars in legal fees it racked up in Beacon Power Corp.'s bankruptcy case, after a judge had said the estate was near administrative insolvency.

  4. February 06, 2012

    Rockland To Pay $31M For Bankrupt Beacon Power

    With the backing of major creditors and no competing bids, private equity firm Rockland Capital LLC said Monday it would pay $30.5 million for the assets of Beacon Power Corp., a smart-grid technology company that received a federal loan guarantee before falling into bankruptcy in October.

  5. February 03, 2012

    Beacon Power Assets Attract $30.5M Private Equity Bid

    Bankrupt Beacon Power Corp., a smart-grid technology company that received a government-backed loan under the same stimulus program as Solyndra LLC, said in bankruptcy court Friday that a private equity firm is offering $30.5 million for its assets.

  6. November 18, 2011

    Bankrupt Beacon Power Will Auction Assets

    Beacon Power Corp., which owes $39 million on a loan guaranteed by the U.S. Department of Energy, gave up hope for a reorganization on Friday and committed to auctioning its assets while under bankruptcy protection in Delaware.

  7. November 02, 2011

    'Solyndra Firestorm' Drove Beacon Power Into Ch. 11: Atty

    Beacon Power Corp., which received a government-backed loan under the same stimulus program as Solyndra LLC, was starved of investment and pushed into bankruptcy in Delaware by the political furor surrounding Solyndra's demise, an attorney for the company said in court Wednesday.

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