Chancery Grants $4M In Attys' Fees For $20M TerraForm Deal

Law360, Wilmington (October 10, 2017, 6:32 PM EDT) -- A Delaware Chancery judge on Tuesday approved a $20 million settlement of derivative claims connected to Indian solar project deals made by one of bankrupt SunEdison Inc.’s yieldcos, and awarded the suing shareholder’s side $4 million in attorneys’ fees.

During a hearing in Wilmington, Chancellor Andre G. Bouchard called the $20 million settlement of claims — challenging a deal in which TerraForm Global Inc. agreed to buy an unfinished project from an affiliate of solar firm SunEdison, also the buyer’s controlling shareholder, by making a $231...
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