Sunedison Inc. (fka SUNEQ)

[eq001]

The Committee of Unsecured creditors has filed a motion requesting more than 20 suits filed against Sunedison and/or their officers and directors be temporarily put on hold. It is not that they believe the suits lack merit. In fact, they point out the merits of the suits; even alluding briefly to the Friday Night Massacre; although not by name.

Their concern is that the suits will fully deplete Sunedison's $150 million in D&O liability coverage... before they have had time to assert the same allegations raised in the various lawsuits!