Solyndra CEO Brian Harrison Steps Down
Nossaman Litigation Partner John Hansen was quoted in the San Francisco Chronicle article "Solyndra CEO Brian Harrison Steps Down." Mr. Hansen, who specializes in bankruptcy, corporate reorganization, and business litigation, said it's not unusual for a company to switch CEOs during Chapter 11 proceedings, and that often companies try to bring in reorganization specialists who understand the bankruptcy process far better than the people they replace.
"It does help to have familiarity with the process," he said. "I've seen a lot of regular business people who've been in Chapter 11, and they've been very frustrated. It's very restrictive, and they can't always do what they want to do, the way they want to do it."