SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of TerraForm Power, Inc. (TERP)

Mar 16, 2016, 15:48 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, March 16, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of TerraForm Power, Inc. ("TerraForm" or "the Company") (NASDAQ: TERP). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at info@bgandg.com or 212-697-6484.

This investigation concerns whether TerraForm and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

On February 29, 2016, TerraForm stated that it would be postponing the filing of its annual report, Form 10-K for the fiscal year 2015 with the United States Securities and Exchange Commission. TerraForm said that they expected to file the Form 10-K by March 15, 2016. On March 16, 2016, TerraForm Power released that it is once again delaying the filing of its Form 10-K beyond the March 15, 2016 scheduled date and attributed the postponement to material weaknesses in its internal controls over financial reporting. 

Following this news, TerraForm stock dropped over $1.00 per share during intraday trading on March 16, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of TerraForm, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!terp/u5y56.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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