SolarWorld is reportedly a bankruptcy risk due to Hemlock lawsuit
According to documents reviewed by Handelblatt, “it is likely that U.S. silicon supplier Hemlock will win a case it brought against Solarworld for allegedly not fulfilling a contract and claiming up to $770 million in damages.” SolarWorld recently reiterated their position that the probability of losing this case was ‘low.’ In earlier quarterly statements SolarWorld has also said that a victory by Hemlock is seen as, “possibly even threatening the continued existence of the company.” The verdict is expected on June 9, 2016.
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