Sunedison Inc. (fka SUNEQ)

[Lorcan458]

It's Chapter 11 reorganization now. I think the major issue shareholders have is that the yieldcos were created and controlled by SUNE and SUNE transferred assets (solar projects, mostly) that have guaranteed 20 to 30 year contracts for payments. That long-term guaranteed income is why SUNE stock was valued so high. Placing debt in one part of the company and assets bought with the debt in another and then trying to wipe out the investors in the parent company is why every company who takes ownership of those potentially illegally transferred assets will be sued for years to come on behalf of the equity interests in SUNE, regardless of whether the judge allows the sale of the yieldcos.