The Securities Arbitration and Investment Litigation Lawyers at the Silver Law Group, Law Office of David Chase, LLC and Ciklin Lubitz & O’Connell (www.oilgasfinraarbitration.com) are currently investigating cases relating to investments in SunEdison, Inc. (SunEdison – Ticker Symbol: SUNE), one of the nation’s largest providers of electricity and renewable energy.
SunEdison filed for Chapter 11 Bankruptcy on April 21, 2016, and on August 3, 2016, announced that it plans to stop making interest payments on behalf of two affiliated companies, TerraForm Global Inc. and TerraForm Power LLC (collectively “SunEdsion’s yieldcos”). The SunEdison yieldcos intend to contest SunEdison’s decision. In many respects, SunEdison and the SunEdison yieldcos expect business to continue as usual. Nevertheless, it appears that you, the investor, will be the one who suffers the harm.
In recent years, SunEdison experienced exponential growth and various financial institutions were more than willing to help SunEdison finance its lofty – and some have labeled “aggressive” – growth initiatives. As a result of SunEdison’s bankruptcy, SunEdison common stock holders will be wiped out and investors holding other SunEdison-linked securities will no doubt certainly feel the pain associated with yet another high-profile bankruptcy in the oil, gas and energy sector. For example, SunEdison’s corporate neighbor, Peabody Coal, also filed for bankruptcy in mid-April 2016.