February 25, 2020
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.
January 29, 2020
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.
September 30, 2019
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.
August 23, 2018
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.
April 03, 2018
Canyon Capital Advisors has urged a New York federal judge to clarify that a recent $57 million securities litigation settlement doesn't halt Canyon's claims that it lost “tens of millions” of dollars in renewable energy company SunEdison's spectacular collapse.
December 18, 2017
A SunEdison yieldco on Friday said it had reached a $57 million settlement of multidistrict investor litigation claiming the renewable energy giant tried to stave off its bankruptcy with its yieldcos' money.