A123 Systems Audit: Accounting Errors and Control Failures

The company filed for Chapter 11 bankruptcy protection in October 2012, less than a year after the manufacturing defect was disclosed. The bankruptcy proceedings resulted in the sale

EDITORIAL

U.S. Government-backed lithium-ion battery producer A123 Systems has filed for bankruptcy protection after failing to make interest payments on outstanding notes. The company

Battery Maker A123 Systems Wins Final Bankruptcy Approval

Failed battery maker A123 Systems wins final bankruptcy approval and will be permitted to move forward with its reorganization plan, a U.S. bankruptcy judge ruled.

Battery Maker A123 Systems'' Bankruptcy by the Numbers

Battery maker A123 Systems filed for bankruptcy Tuesday, saying that the Milwaukee, Wisconsin-based Johnson Controls would be taking over its automotive operations in a deal valued

Bankruptcy Chapter 11 A123 Systems Update

When A123 Systems, a company that makes lithium batteries for use in automobiles, filed for Chapter 11 bankruptcy, employees worried about what this would mean in terms of their jobs.

Battery Maker A123 Systems Goes Bankrupt and Sells to Johnson

On Tuesday October 16th, battery developer and manufacturer A123 Systems has voluntarily filed petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in Delaware.

A123 Systems

In August 2012, Chinese automotive components manufacturer Wanxiang Group agreed to invest up to $465 million to acquire as much as 80% of A123 Systems; [27] but the acquisition was not completed

Latham & Watkins Advises A123 Systems in Bankruptcy Restructuring

The agreement was reached following an auction conducted under the supervision of the United States Bankruptcy Court for the District of Delaware.

Bankruptcy court approves A123 Systems'' reorganisation plan

Bankrupt battery manufacturer A123 Systems has secured final approval from a bankruptcy court for the company''s reorganisation plan.

Battery Maker A123 Files For Bankruptcy Protection

After years of struggling in the nascent market for electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection Tuesday. The company received a $249 million