NEW YORK, March 16, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of TerraForm Power, Inc. ("TerraForm" or the "Company") (NASDAQ: TERP). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether TerraForm and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 29, 2016, TerraForm announced that it was delaying the filing of its Form 10-K for the fiscal year 2015 with the U.S. Securities and Exchange Commission and expected to file the Form 10-K by March 15, 2016. On March 16, 2016, TerraForm announced a further delay in the filing of its Form 10-K beyond the March 15, 2016 due date after identifying material weaknesses in its internal controls over financial reporting.
On this news, TerraForm stock has fallen as much as $1.48, or 14.03%, to $9.07 during intraday trading on March 16, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Robert S. Willoughby Pomerantz LLP email@example.com
SOURCE Pomerantz LLP