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Tuesday, September 22, 2015
Hawaii's Largest Windfarm Developer Investigated for Self-Dealing
By News Release @ 6:53 PM :: 4242 Views :: Energy, Ethics

Berman DeValerio Investigates Possible Breaches of Fiduciary Duty at TerraForm Power Inc.

News Release September 21, 2015

BOSTON--The law firm of Berman DeValerio is investigating possible breaches of fiduciary duties related to certain transactions involving TerraForm Power, Inc. ([NASDAQ:TERP]) (“TerraForm”or the “Company”) and its controlling shareholder, SunEdison, Inc.

In particular, Berman DeValerio (www.bermandevalerio.com) is investigating whether TerraForm’s Board of Directors met its fiduciary duties to ensure that these transactions were fair and in the best interests of TerraForm. In addition, Berman DeValerio is investigating whether SunEdison (Hawaii's largest windfarm developer) abused its position as the controlling shareholder of TerraForm in order to advance its own interests at the expense of TerraForm and its minority shareholders. Since the beginning of 2015, SunEdison has made at least two joint acquisitions with TerraForm in which the Company and its minority shareholders may have unfairly subsidized the acquisition of valuable assets on behalf of SunEdison.

If you currently hold shares of TerraForm and would like more information regarding this matter, or if you wish to share information about the matter, you may contact Nathaniel Orenstein at (617) 542-8300.

Berman DeValerio is a national law firm representing plaintiffs in lawsuits against corporate wrongdoers, chiefly for violations of securities and antitrust laws. The firm has 39 lawyers in Boston, San Francisco and Palm Beach Gardens, Florida.

This notice constitutes attorney advertising.

Contacts

Berman DeValerio

Nathaniel Orenstein, 800-516-9926

norenstein@bermandevalerio.com

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FLASHBACK Feb 8, 2015 SEC Filing: Defective Turbines and Batteries, Secret Golden Parachutes at Hawaii Windfarms

 

 

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