InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,840.40
(
-0.03%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
85.53
(
-1.13%
)
Bitcoin
57,501.42
(
2.96%
)
Post# of 36208
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

MasterBlastr

Send PM Follow Ignore
Followers 263
Posts 36066
Boards Moderated 0
Alias Born 02/05/2003

MasterBlastr

Member Level

Re: None

Monday, 04/04/2016 12:54:51 PM

Monday, April 04, 2016 12:54:51 PM

Post# of 36208
TerraForm Global Inc. (GLBL) has accused its corporate parent, embattled renewable energy company SunEdison Inc.(SUNE), of an " unlawful scheme to misappropriate" TerraForm's assets.

In a lawsuit filed Sunday in the Delaware Court of Chancery, TerraForm Global(GLBL) said SunEdison(SUNE) misappropriated $231 million of cash that TerraForm Global(GLBL) provided its parent to help it complete construction of renewable-energy projects in India. Instead, SunEdison(SUNE) "diverted the funds to prop up its flagging liquidity position," TerraForm Global(GLBL) said in the complaint.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up