TerraForm Power Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | TerraForm Power Inc |
Stock Symbol : | NASDAQ: TERP |
Class Period Start: | 05/07/2015 |
Class Period End: | 03/15/2016 |
Lead Plaintiff motion: | 06/03/2016 |
Date Filed: | 04/04/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the District of Maryland |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the June 3, 2016 lead plaintiff deadline in a class action lawsuit filed against TerraForm Power Inc (NASDAQ: TERP) (“TerraForm” or “the Company”). The suit is pending in the U.S. District Court for the District of Maryland and investors, who purchased TerraForm Power Inc securities between May 7, 2015 and March 15, 2016, have until June 3, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased TerraForm Power Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that TerraForm’s Management Services Agreement with SunEdison exposed TerraForm to risks associated with SunEdison’s internal financial controls and any deficiencies therein; consequently, TerraForm lacked effective internal financial controls; and as a result of the foregoing, TerraForm’s public statements were materially false and misleading at all relevant times. On February 29, 2016, SunEdison revealed it was delaying the filing of its fiscal year 2015 Form 10-K with the SEC. On the same day, TerraForm also revealed a delay in filing. On March 16, 2016, SunEdison and TerraForm both revealed another filing delay after identifying material weaknesses in its internal controls over financial reporting. Following this news, NASDAQ: TERP shares dropped 7.87% on March 16, 2016. If you were negatively impacted by your investment in TerraForm Power Inc securities between May 7, 2015 and March 15, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |