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Robbins Arroyo LLP: SunEdison, Inc. (SUNE) Misled Shareholders According to a Recently Filed Class Action

SAN DIEGO & MARYLAND HEIGHTS, Mo.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP announces that a class action complaint was filed in the U.S. District Court for the Eastern District of Missouri. The complaint alleges that officers and directors of SunEdison, Inc. (NYSE: SUNE) violated the Securities Exchange Act of 1934 between June 16, 2015 and October 6, 2015, by making materially false and misleading statements about SunEdison's business prospects. SunEdison develops, manufactures, and sells silicon wafers to the semiconductor industry.

“With this acquisition… we position ourselves to accelerate our performance and deliver attractive returns to our shareholders.”

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SunEdison Accused of Scheming to Mislead Investors

According to the complaint, SunEdison misled investors by...