IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against TerraForm Power, Inc. (“TerraForm” or the “Company”) (Nasdaq: TERP). Investors who purchased or otherwise acquired shares between March 7, 2015 and March 15, 2016, inclusive (the “Class Period”), are encouraged to contact the Firm prior to the June 3, 2016, lead plaintiff motion deadline.
If you purchased shares of TerraForm during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint, the Company issued false and misleading statements and/or failed to disclose that: (1) TerraForm’s Management Services Agreement with SunEdison subjected TerraForm to certain risks associated with SunEdison’s problematic internal financial controls; and (2) TerraForm Power did not have effective internal financial controls.
If you purchased shares of TerraForm during the Class Period, you have until June 3, 2016 to ask the Court to appoint you as lead plaintiff. If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.
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