Levi & Korsinsky announces the filing of a class action lawsuit in the United States District Court for the Northern District of California on behalf of TerraForm Global, Inc. (“TerraForm Global”) (NasdaqGS: GLBL) shareholders who purchased or otherwise acquired securities pursuant and/or traceable to the Company’s Offering and Registration Statement on or about July 31, 2015.
The complaint alleges that TerraForm Global failed to disclose material information in its Registration Statement, including failure to disclose that by the time of the IPO: (a) IPO sponsor SunEdison was experiencing unprecedented losses that would be revealed just days after the finalization of the IPO; (b) SunEdison was experiencing liquidity and debt issues that ended its ability to develop projects to sell to TerraForm Global, thus the Company’s “Yield Co” business model was effectively moribund from the outset; and (c) the aggressive growth plans for SunEdison and TerraForm Global were unachievable. If you suffered a loss in TerraForm Global you have until December 28, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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