Our law firm is investigating potential claims on behalf of shareholders of Terra Form Global, Inc.
(NASDAQ GS: GLBL) over possible violations of US securities laws. (NASDAQ GS: GLBL) may have violated US securities laws, stemming from the company’s 2015 IPO sale.
As such, the rights of GLBL investors may have been violated.
On July 31, 2015, Terra Form conducted an IPO in which it sold 45 million shares of stock at $15.00 per share, raising $675 million.
However, Less than a week later, Sun Edison, Terra Form’s parent company, announced that it had incurred a second-quarter loss that was five times more than the loss Sun Edison stated for the same period in 2014, causing the stock to drop immediately.
Subsequently, the price of Terra Form’s stock has dropped more than 40%.
On December 20, 2017, the Southern District of New York granted Plaintiffs’ unopposed motion for preliminary settlement regarding Plaintiffs’ claims against Terraform Global Inc., a consolidated case within the Sun-Edison, Inc. This lawsuit alleged that “statements in the Registration Statement for Global’s IPO were materially false or misleading or otherwise actionable under federal securities law.” Terra Form Global, Inc.
(NASDAQ GS: GLBL) investors may be able to collect significant financial compensation for their losses.
The recent settlement with the company has set aside tens of millions of dollars for compensating shareholders.
If you have purchased shares of Terra Form Global, Inc.
(NASDAQ GS: GLBL) , complete the form on this page or call 1-800-934-2921 right now to protect your rights.
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