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Actionable news in TERP: TERRAFORM POWER INC,

First Wind Earnout

On April 3, 2016, a complaint was filed by D.E. Shaw Composite Holdings, L.L.C. and Madison Dearborn Capital Partners IV, L.P. in the Supreme Court of the State of New York, County of New York, against TerraForm Power, LLC and TerraForm Power, Inc. (

D.E. Shaw Composite Holdings, L.L.C., et al.

v.

TerraForm Power, LLC, et al

.

,

Index No. 651752/2016). The complaint was filed in connection with the Purchase and Sale Agreement, dated as of November 17, 2014, for the First Wind acquisition (the Agreement). The complaint alleges that SunEdison, Inc. (SunEdison) owes plaintiffs...


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