NEW YORK, Nov. 19, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased TerraForm Global, Inc. (NASDAQ:GLBL) securities pursuant and/or traceable to the Company’s Offering and Registration Statement on or about July 31, 2015.
Click here to learn about the case: http://docs.wongesq.com/GLBL-Info-Request-Form-987. There is no cost or obligation to you.
The complaint alleges that TerraForm Global failed to disclose material information in its Registration Statement, including failure to disclose that by the time of the IPO: (a) IPO sponsor SunEdison was experiencing unprecedented losses that would be revealed just days after the finalization of the IPO; (b) SunEdison was experiencing liquidity and debt issues that ended its ability to develop projects to sell to TerraForm Global, thus the Company’s “Yield Co” business model was effectively moribund from the outset; and (c) the aggressive growth plans for SunEdison and TerraForm Global were unachievable.
If you suffered a loss in TerraForm Global you have until December 28, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/GLBL-Info-Request-Form-987.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.