LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that it is investigating potential claims on behalf of investors of SunEdison, Inc. (“SunEdison” or the “Company”) (NYSE: SUNE) concerning the Company’s and its officers’ possible violations of federal securities laws in connection with the Company’s allegedly misleading statements to investors regarding SunEdison’s debt obligations and operations. If you have suffered losses of over $250,000 on your SunEdison investments you are encouraged to contact Lesley Portnoy, Esq. to discuss your legal rights.
On November 10, 2015, SunEdison announced poor quarterly results that fell below analyst expectations. And, on November 16, 2015, Bloomberg Business published an article reporting that SunEdison had reclassified more than $700 million worth of debt from “non-recourse” to “recourse.” In conjunction with this news, SunEdison shares slid from a closing price of $4.93 per share on November 13, 2015 to lows of near $2.90 per share during intra-day trading on November 17, 2015, a decline of more than 40%.
If you purchased SunEdison securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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