San Diego, CA -- (SBWIRE) -- 08/23/2016 -- An investigation was announced for investors in SUNEDISON INC CONV PERPETUAL PFD SER A (OTCMKTS:SDSNQ) shares over potential securities laws.

Investors who purchased SUNEDISON INC CONV PERPETUAL PFD SER A (OTCMKTS:SDSNQ), shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Sunedison Series A Perpetual Convertible Preferred Stock (OTCMKTS:SDSNQ) concerning whether certain statements regarding SunEdison's business, its prospects and its operations were materially false and misleading at the time they were made.

On August 19, 2015 SunEdison conducted a stock offering for Series A Perpetual Convertible preferred stock (OTCMKTS:SDSNQ). The company issued 650000 shares of SunEdison 6.75% Series A Perpetual convertible preferred stock at $1,000 a shares in the offering. The investigation concerns whether the registration statement for the August 19, 2015 Series A Perpetual Convertible preferred stock offering contained materially incorrect and/or misleading statements and/or omitted material information that was required to be disclosed. In connection with the offering, SunEdison made several affirmative statements about the company' financial and liquidity position.

On October 5, 2015, the Company disclosed it was cutting 15% of its workforce.

On November 10, 2015, Sunedison Inc reported third-quarter results before the market open. Sunedison Inc cut its full-year guidance for unlevered annualized cash available for distribution ("CAFD) for retained megawatts ("MW") to $261-$271 million from $275-$325 million.

Shares of Sunedison Inc (NYSE:SUNE) declined to as low as $2.81 per share on November 17, 2015.

On December 1, 2015 a lawsuit was filed against Sunedison Inc (NYSE:SUNE) over alleged securities laws violations. The plaintiff alleges on behalf of certain purchasers of Sunedison Inc (NYSE:SUNE) common shares that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that SunEdison and certain corporate insiders made materially misleading misrepresentations and omissions regarding SunEdison's business and operations. Among other things, the lawsuit alleges that defendants misrepresented and failed to disclose that SunEdison did not have the financial resources to sustain its acquisition binge.

On March 2, 2016, SunEdison announced that it was suspending payment fort the quarterly dividends on the preferred stock.

On March 2, 2016 it was reported that SunEdison had entered into a debtor-in-possession negotiations.

On April 21, 2016, SunEdison filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of New York.

Those who purchased SUNEDISON INC Series A Perpetual Convertible preferred shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com