Kinetic Systems, Inc. v. Federal Financing Bank

ORDER DENYING PLAINTIFF’S MOTION TO REMAND AND DENYING DEFENDANT’S MOTION TO DISMISS

SAMUEL CONTI, District Judge.

I. INTRODUCTION

This lawsuit stems from the closure of Solyndra, a Fremont, California-based maker of solar panel technology. In September 2009, the U.S. Department of Energy (“DOE”), Solyndra, and Defendant Federal Financing Bank (“FFB”) entered into a series of agreements by which FFB, at the behest of DOE, purchased from Solyndra a promissory note in the amount of $535 million. DOE guaranteed the note. Solyndra used these funds to begin construction on a manufacturing facility…