On or around 07/08/2020 (Date of last review)
Filing Date: July 09, 2020
According to the Complaint, on March 16, 2020, TerraForm Power, Inc.’s (“TerraForm” or the “Company”) Board of Directors caused TerraForm to enter into an agreement and plan of reorganization with Brookfield Renewable Partners L.P., Brookfield Renewable Corporation, 2252876 Alberta ULC, and TerraForm Power NY Holdings, Inc.
On June 30, 2020, Defendants filed a proxy statement/prospectus (the “Prospectus”) with the United States Securities and Exchange Commission (the “SEC”), which recommends that TerraForm’s stockholders vote to approve the Proposed Transaction at a special meeting of stockholders scheduled for July 29, 2020.
The Complaint alleges the Prospectus omits material information with respect to the Proposed Transaction, which renders the Prospectus false and misleading.
Company & Securities Information
Defendant: TerraForm Power, Inc.
Industry: Electric Utilities
Headquarters: United States
Ticker Symbol: TERP
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.
First Identified Complaint
John Post, et al. v. TerraForm Power, Inc., et al.
COURT: D. Delaware
DOCKET #: 20-CV-00927
DATE FILED: 07/09/2020
CLASS PERIOD START: 03/16/2020
CLASS PERIOD END: 07/09/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Wilmington)
RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
Complaint for Violation of the Securities Exchange Act of 1934
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available