Shortly after reporting having over a billion dollars in "liquid cash" on a 10K (or perhaps it was a 10Q) SunEdison received a margin call of $231 million dollars... but couldn't pay it! (Without financial maneuvering).
Essentyially that resulted in what is now known as "The Friday Night Massacre".
That led to the immediate dismissal of top level executives at the Terrafoms. (The executives dismissed were on boards to ensure financial due dilligence!)
... dismissals of some executives led to complaintsto both the SEC and DOJ claiming Sunedison had fudged their numbers. That led to subpoenas, and investigations that are still ongoing! [Needless to say; they both wanted to know what happened to their claimed billion dollars in liquidity!]
Brian Wuebbels [Sunedison CFO at the time] was assigned as CEO of both Terraforms. He reportedly sold terrfaorm Global on paying $231 million for a project in India. But instead the funds were used to pay down the margin call... with only minutes to spare!
Had the margin call not been met Sunedision would have been forced into bankruptcy. [Sooner then it actually was. In fact more financial transgressions occurred before their filing. In particular they allowed some unsecured creditors to become secured creditors via debt swaps before filing].
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