U.S. Bankruptcy Court

Energy Conversion Devices, United Solar Ovonic Schedule Auction of Bankrupt AssetsThe sale of United Solar as a going concern won't happen. Its parent company, Energy Conversion Devices, Monday announced that the assets related to the United Solar Ovonic LLC thin, flexible solar panel business will be sold at auction June 26.
Report: Two Suitors Interested In Borders GroupThe Wall Street Journal is reporting that an Arizona private equity firm is among those in discussions to buy Ann Arbor-based bookseller Borders Group.
Borders Gets Temporary Financing, Plans Store Clearance SalesA federal bankruptcy judge grants Borders Group interim approval of temporary financing and approves a plan to close 200 stores.