The
final
straw
for
the
company
–
the
world’s
largest
maker
of
PV
cells
only
a
few
years
ago
–
came
in
the
form
of
a
ruling
in
Frankfurt’s
Higher
Regional
Court
against
Pfleiderer,
a
totally
unrelated
company
that
makes
building
materials.
Pfleiderer
intended
to
force
its
bondholders
to
trade
the
debt
they
hold
in
the
company
for
an
equity
stake.
In
February,
Q-Cells
outlined
plans
for
its
own
debt-for-equity
swap
affecting
holders
of
bonds
due
to
mature
in
2012,
2014
and
2015.
But
the
court
ruled
that
bonds
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