Case Page

 

Case Status:    ONGOING    
On or around 07/13/2017 (Ongoing date of last review)

Filing Date: October 29, 2015

According to the law firm press release, the complaint alleges that Defendants failed to disclose a number of problems seriously undermining TerraForm Global’s business and prospects. Specifically, unbeknownst to investors, the Registration Statement’s representations were materially untrue, inaccurate, misleading, and/or incomplete because they failed to disclose, inter alia, that, by the time of the July 31, 2015 IPO: (i) SunEdison was experiencing unprecedented losses that would be revealed mere days after TerraForm Global’s IPO was finalized; (ii) SunEdison was experiencing severe liquidity and debt issues that ended its ability to develop projects to sell to TerraForm Global, meaning that the Company’s “YieldCo” business model was effectively moribund from the outset; and (iii) the aggressive growth plans for SunEdison and TerraForm Global were unachievable.

COMPANY INFORMATION:

Sector: Utilities
Industry: Electric Utilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GLBL
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 15-CV-04981
JUDGE: Hon. William H. Orrick
DATE FILED: 10/29/2015
CLASS PERIOD START: 07/31/2015
CLASS PERIOD END: 10/29/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Scott + Scott LLP (NY)
    405 Lexington Avenue, 40th Floor, The Chrysler Building, Scott + Scott LLP (NY), NY 10174
    (212) 223-6444 (212) 223-6444 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 16-CV-07967
JUDGE: Hon. William H. Orrick
DATE FILED: 10/12/2016
CLASS PERIOD START: 07/31/2015
CLASS PERIOD END: 10/29/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
No Document Title Filing Date