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Sungevity tumbles into bankruptcy, lays off 350

Published Tuesday March 14

…Francisco-based Jim Sandler, owed $460,000; and Mountain View-based Google, owed $387,000.

Laura A. Oda/ BANG staff photo Sungevity, a one-time high flyer in the solar industry, has eliminated more than three hundred jobs, filed for bankruptcy Mon and arranged a sale of all of its assets to an investment group. Pictured are installers for Sungevitiy atop a property in Kensington

OAKLAND — Sungevity, a one-time high flyer in the solar industry, has eliminated hundreds of jobs, filed for bankruptcy Mon and arranged a sale of all of its assets to an investment group.

The green energy company filed for a voluntary Chapter eleven proceeding in the bankruptcy court in Del. on Monday.

Sungevity would only confirm that it reduced headcount at the end of last week.

Article length: About 490 words.
Tags: Piedmont
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