The Sun has Set at SunEdison – The Company is Bankrupt!

sun set sunedison

The securities arbitration and investment litigation group is currently investigating cases relating to client investments in SunEdison, Inc. (SunEdison Ticker Symbol: SUNE), one of the nation’s largest providers of electricity and renewable energy, which announced on April 21, 2016, that it has filed for Chapter 11 Bankruptcy. In a press release, SunEdison stated that its goal was to strengthen its liquidity situation. In conjunction with its bankruptcy filing, SunEdison secured an additional $300 million in financing and business is expected to continue as usual.

Sun Set SunEdison

In recent years, SunEdison experienced exponential growth, and various financial institutions were more than willing to help SunEdison finance its lofty and some have labeled aggressive growth initiatives. Common SunEdison equity holders will likely be wiped out, and investors were holding other SunEdison linked securities will no doubt certainly feel the pain associated with possible loss of principal as well as interruptions in any income stream as a result of yet another high-profile bankruptcy in the oil, gas and energy sector. For example, SunEdison’s corporate neighbor, Peabody Coal, also filed for bankruptcy last week.

It’s no secret that the oil, gas and energy sectors have come under intense market pressure, some of which has increased along with the price of oil’s drastic price decline since 2014. If your financial advisor or his/her firm recommended investments in these companies and/or failed to disclose the potential risks associated with your investments in SunEdison or Peabody Coal, or any other similarly situated company in the oil, gas and/or energy sectors, we are interested in reviewing these issues in more detail. Firms that provided analyst coverage on these companies include, but are not limited to, Avondale, Needham, Merrill Lynch, Barclays Capital, BB&T Capital Markets, Jeffries, Robert W. Baird, Oppenheimer, JP Morgan, Morgan Stanley, FBR Capital, Deutsch Bank, Credit Suisse, RBC Capital Markets, Stifel, UBS and Wells Fargo.

If your broker or investment advisor advised you to invest in SunEdison or Peabody Coal, or any other similarly situated company linked to the oil or gas or the energy sector, and you have incurred substantial losses, please contact us for a no-cost case evaluation. Oil and energy companies, including Master Limited Partnerships (MLPs), currently being investigated include (but are not limited to):

  • Atlas Partners
  • Linn Energy
  • Arch Coal
  • Alpha Natural Resources
  • Alliance Resource Partners
  • Cloud Peak Energy
  • Natural Resource Partners
  • Seadrill
  • Sandridge Energy
  • Swift Energy
  • Chesapeake Energy
  • Transocean

About The Author

Leave a Comment

Scroll to Top