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In August, Solyndra, a California-based solar panel maker, announced it would file for bankruptcy. The collapse cost 1,100 workers their jobs and American taxpayers $535 million in loan guarantees that Solyndra had received under a Congressionally authorized program to encourage young companies to develop clean-energy technologies. President Obama had hailed Solyndra as a model investment and the face of ''a brighter and more prosperous future.'' Republicans have now pounced on the bankruptcy as proof that the loan program is a bust, that the president's signature green jobs program is a fraud, and that this country's solar energy business is in terminal decline. [ABSTRACT FROM AUTHOR]

Focuses on involvement of California Rep. Christopher Cox in a class-action lawsuit filed in the Orange County Superior Court against his failed law firm, First Pension Corporation. Securities litigation reform proposed by Cox during Reagan administration; Details of the suit against First Pension.

Discusses the issue of division of Orange County losses among participants in its bankruptcy proceedings. Details of the dispute between the county and other participants in its fund; Legal aspects of the dispute.

Reports on the ruling of a federal bankruptcy court judge absolving Orange County from the payments of $169 million of certain notes due in July 1995. Noteholders' apprehension about a possible default as a consequence of the verdict; Details of the ruling; Information on the issue of notes which was brought before bankruptcy court by Alliance Capital Management LP and Putnam Investment Management.

Editorial. Focuses on the issue of bankruptcy of the Orange County. Financing of the bankruptcy; Plans of executive changes at the county; Conclusions on the efforts at the county.

Focuses on the concerns of Orange County noteholders over the prospects of defaults of payments. Resignation of Ernie Schneider, county administrative officer; Comment on the misstep of Schneider on the issue of default.

Comments on the focus of Orange County derivative debacle criminal investigators on interest income allegedly diverted from local government agencies. Other issues being looked into by the investigators; Details of the inquiry; Issue of possible tax violations.

Reports on the plan of Orange County, California, to sell securities on January 12, 1995. Preparation by the county for legal action against Merrill Lynch & Co.; Information on the notes to be sold; Discussion by the county's board of supervisors with advisers on the matter.

Reports on the claims by Merrill Lynch & Co. of advising Orange County, California, about interest rate-risks. Lawsuits against the company; Details of Merrill's claims; Role of Merrill in the Orange County derivative debacle.

Reports on the efforts of Orange County in California to sell its leveraged derivatives to banks. Decision of Federal Home Loan Bank of New York to buy the securities; Positive effects of the bank's decision; Strategies of the county's deal with creditors.

Comments on the course of action for Orange County regarding the sale of securities held as collateral by Wall Street brokerage firms. Only option of suing, available to Orange County; Speculation on possible legal action of the county; Effect of the securities sale on the county.

Focuses on the decision to impose penalties on big withdrawals by Orange County agencies from its investment fund. Details of the penalty provision; Financial problems of the fund; Concerns of various agencies on the decision.

Reports on panic among investors in the Orange Counties of other states in the United States due to the debacle of Orange County of California's derivatives. List of other Orange counties and details regarding the concerns of investors.

Reports on the possibility that Orange County, California, may defer debt payments through 1996. Details of and reasons for the same; Background of the Orange County bankruptcy issue.

Reports on the decision by the Salomon Brothers to auction corporate securities from the Orange County, California, investment fund. Details of the issue.

Reports on the advice sought by the Orange County, California, from brokerage firms on selling its bonds. Details of the financial crisis of Orange County.

Reports on the denial by the former Orange County Treasurer Robert L. Citron of charges that he mixed funds. Broadening of the investigation by Federal and state investigators of the financial debacle; Subpoena of the county's top administrative officer, Ernie Schneider, by the Securities and Exchange Commission.

Reports on the developments in the investigation of the Orange County's investment disaster. Search warrants on the treasurer's and auditor's offices; Investigation of the strategies of Robert L. Citron, former treasurer and tax collector; Information on county's losses.

Discusses the financial rescue efforts of the Wall Street firms to sell the remaining holdings of the investment fund of the Orange County, California. Details of the rescue procedure; List of Wall Street firms. INSET: Rescue desk alchemy..

Reports on the decision of the Orange County Supervisors to isolate the school funds from other funds to limit their exposure to risk. Response of general counsel for the county's Department of Education, Ronald Wenkart.

Reports on the benefit of the Orange County bankruptcy and its reduction in the size of the government, to the Conservatives. Changes in the County's management; Dilemma of investors.

Focuses upon the losses from investments in derivatives of the Orange County, California. Details on the sale of securities known as derivatives at the Wall Street; List of companies selling derivatives to municipalities.

Comments on the testimony of Robert L. Citron, former Orange County official, that the influence of politicians, and Merrill Lynch & Company, led to Orange County's unsuccessful investments. Statistical information on value of losses; Comments from Citron.