NEW YORK, Nov. 04, 2015 (GLOBE NEWSWIRE) -- Stull, Stull & Brody announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of purchasers of TerraForm Global, Inc. (“TerraForm” or the "Company") common stock (NASDAQ:GLBL).
The lawsuit alleges that TerraForm’s Registration Statement and Prospectus issued in connection with TerraForm’s initial public offering (“IPO”) on July 31, 2015 failed to disclose material information to investors, including that by the time of the IPO the Company’s sponsor SunEdison, Inc. was experiencing unprecedented losses, liquidity and debt issues affecting its business model and inability to achieve growth plans.
If you purchased TerraForm common stock pursuant or traceable to the IPO, you may , no later than December 28, 2015, move the Court to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in the action. In order to serve as a lead plaintiff you must meet certain legal requirements.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, you may contact Jason D'Agnenica, Esq. at Stull, Stull & Brody by calling 1-800-337-4983, extension 145, or by email at terraform@ssbny.com.
Stull, Stull & Brody has represented shareholders in securities class action litigation for over 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody has offices in New York and Beverly Hills. Additional information about the firm is available at our website at www.ssbny.com.
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