NEW YORK, May 31, 2016 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of TerraForm Power Inc. ("TerraForm") (NASDAQ: TERP) between May 7, 2015 and March 15, 2016.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District of Maryland. If you purchased or otherwise acquired TerraForm Power securities between May 7, 2015 and March 15, 2016, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/terraform-power.
The complaint alleges that: (a) TerraForm's Management Services Agreement with SunEdison, Inc., its controlling shareholder, exposed TerraForm to risks associated with SunEdison's internal financial controls and any deficiencies therein; (b) as a result, TerraForm lacked effective internal financial controls; and (c) furthermore, TerraForm's public statements were materially false and misleading at all relevant times.
On February 29, 2016, SunEdison announced it was delaying the filing of its fiscal year 2015 Form 10-K with the SEC. TerraForm also announced a delay in filing the same day. Then on March 16, 2016, both companies announced another filing delay.
If you suffered a loss in TerraForm you have until June 3, 2016 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 Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/terraform-power.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky, LLP