Evergreen Solar Files Suit Against Barclays and Lehman Brothers in Lehman Brothers Bankruptcy Cases
Evergreen Solar, a manufacturer of STRING RIBBON™ solar power panels (...) announced it has filed suit in the United States Bankruptcy Court for the Southern District Court of New York against Barclays PLC, Lehman Brothers Holdings Inc. and certain of their affiliated entities declaring that Lehman Brothers did not have title to shares of Evergreen Solar’s common stock previously loaned by the company to Lehman Brothers in July 2008 and seeking their return. (...) The 30.9 million shares in question were loaned to Lehman Brothers in connection with a $375 million financing Evergreen Solar completed in July 2008.