A lawsuit was filed for shareholders in TerraForm Global Inc (NASDAQ:GLBL) shares over alleged securities laws violations and NASDAQ:GLBL investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/09/2015 -- A shareholder in NASDAQ:GLBL shares filed a lawsuit against TerraForm Global Inc, its sponsor of the IPO and TerraForm Global's controlling entity, SunEdison, Inc, and certain of TerraForm Global's senior executives and directors who signed the July 31, 2015 Registration Statement for TerraForm Global's Initial Public Offering
Investors who purchased of shares of TerraForm Global Inc (NASDAQ:GLBL), have certain options and for certain investors are short and strict deadlines running. Deadline: December 28, 2015. NASDAQ:GLBL investors should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The plaintiff claims that unbeknownst to investors, the Registration Statement's representations for TerraForm Global's Initial Public Offering ("IPO") were materially untrue, inaccurate, misleading, and/or incomplete because they failed to disclose, inter alia, that, by the time of the July 31, 2015 IPO, SunEdison was experiencing unprecedented losses that would be revealed mere days after TerraForm Global's IPO was finalized, that SunEdison was experiencing severe liquidity and debt issues that ended its ability to develop projects to sell to TerraForm Global, meaning that the Company's "YieldCo" business model was effectively moribund from the outset, and that the aggressive growth plans for SunEdison and TerraForm Global were unachievable.
Those who purchased shares of TerraForm Global Inc (NASDAQ:GLBL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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