SunEdison Takes On Appeal Over Key Ch. 11 Plan Agreement

Law360, New York (August 1, 2017, 7:54 PM EDT) -- Attorneys for bankrupt renewable energy giant SunEdison Inc. found themselves back in court Tuesday, just a week after confirming a Chapter 11 wind-down plan, indicating their intent to expeditiously deal with and dismiss an appeal from dissatisfied creditors over a $300 million exit financing agreement.

The dispute at issue concerns whether SunEdison exercised sound business judgment and fairly orchestrated an agreement giving second-lien lenders a right to participate in a discounted rights offering for new common stock and interest in shares of former SunEdison yieldco Terraform...
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Case Information

Case Title

SunEdison, Inc., et al.,


Case Number

1:16-bk-10992

Court

New York Southern

Nature of Suit

Date Filed

April 21, 2016


Case Title

In Re: SunEdison, Inc.


Case Number

1:17-cv-04778

Court

New York Southern

Nature of Suit

Bankruptcy Appeal (801)

Judge

Andrew L. Carter, Jr

Date Filed

June 23, 2017

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