NEW YORK, May 11, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at SunEdison, Inc. ("SunEdison" or the "Company") (OTC: SDSNP) on behalf of investors in the Company's 6.75% Series A Perpetual Convertible Preferred Stock ("Preferred Stock").
Specifically, on January 7, 2016, the Company announced in a press release a restructuring plan whereby it would issue $725 million of "Second Lien Secured Term Loans," and that it entered into a series of exchange agreements with certain holders of its Convertible Senior Notes and its Preferred Stock.
On this news, shares of SunEdison declined $2.17 per share, or nearly 40%, to close on January 7, 2016 at $3.34 per share.
Request more information now by clicking here: www.faruqilaw.com/SDSNP. There is no cost or obligation to you.
If you invested in SunEdison Preferred Stock and would like to discuss your legal rights, visit www.faruqilaw.com/SDSNP. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding SunEdison's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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