In re: SunEdison, Inc., Securities Litigation

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  1. February 25, 2020

    TerraForm Gets OK For $49M SunEdison-Related Settlement

    A Manhattan federal judge signed off Tuesday on a $49 million deal to end class litigation brought by investors who say TerraForm Global Inc. misled them about now-bankrupt energy concern SunEdison Inc., approving a $12.7 million fee for plaintiffs' firms, including Abraham Fruchter & Twersky LLP.

  2. January 29, 2020

    Abraham Fruchter Seeks $12M In Fees For TerraForm Deal

    Attorneys at Abraham Fruchter & Twersky LLP asked a New York federal court for over $12 million in attorney fees for inking a $48.75 million deal resolving investor claims that TerraForm allowed renewable energy company SunEdison to use its money to stave off financial ruin.

  3. December 19, 2019

    Underwriters Look To Escape SunEdison Investor Claims

    A group of Sun Edison Inc. underwriters and directors have asked a New York federal court to dismiss claims they misled two investment firms into $200 million in bad investments, saying the firms' claims are disproven, dead or defective.

  4. December 09, 2019

    SunEdison Directors Dodge Whistleblower Retaliation Claims

    Two former directors of SunEdison Inc. dodged whistleblower retaliation claims on Monday from the ousted head of the now-bankrupt renewable energy giant's two yieldcos, although the yieldcos themselves were not so lucky.

  5. October 25, 2019

    $74M SunEdison Investor Settlement Gets Judge's Approval

    A Manhattan federal judge signed off Friday on a $74 million deal that ends securities litigation brought by investors who backed renewable energy giant SunEdison Inc. prior to its fall into bankruptcy and also approved a $17 million payout for plaintiffs' counsel Bernstein Litowitz Berger & Grossmann LLP.

  6. September 30, 2019

    TerraForm, Investors Agree To Reduce Settlement To $49M

    Investors in TerraForm Global Inc. said they've reached an agreement with the renewable energy power plant company to settle securities claims for $48.75 million rather than the $57 million they'd previously agreed to.

  7. July 12, 2019

    SunEdison Settles With Investors For $74M

    SunEdison Inc. investors inked a $74 million cash deal to end their class action suit accusing the renewable energy company of maintaining faulty internal controls and filing inaccurate financial statements, they told a New York federal judge Friday.

  8. June 17, 2019

    Shearman Threatened With Ethics Referral In SunEdison MDL

    A federal judge in Securities Act multidistrict litigation surrounding energy giant SunEdison has threatened to report Shearman & Sterling LLP attorneys to ethics authorities after the lawyers asked the court to pull a related case from bankruptcy court, but failed to alert the district judge about a ruling in the bankruptcy case.

  9. November 02, 2018

    Investors Say TerraForm Can't Use Option To Kill $57M Deal

    Investors in renewable energy power plant company TerraForm Global Inc. on Thursday told a New York federal court the company was wrong to say it should be able to terminate a $57 million settlement that resolved claims the company made misrepresentations in its initial public offering documents because there were too many investor opt-outs.

  10. August 23, 2018

    TerraForm Global Wants Option To Terminate $57M Settlement

    TerraForm Global Inc., a yieldco of renewable energy giant SunEdison Inc., on Wednesday asked a New York federal court for the option to terminate a $57 million settlement reached with investors for allegedly misrepresenting SunEdison's financial health in its initial public offering documents, saying too many investors have opted out.

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