SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

November 04, 2015 18:26 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of TerraForm Global, Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of December 28, 2015 -- GLBL

NEW YORK, NY--(Marketwired - Nov 4, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of TerraForm Global, Inc. ("TerraForm Global") (NASDAQ: GLBL) pursuant and/or traceable to the Company's Offering and Registration Statement on or about July 31, 2015

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Northern District of California. To get more information go to:

http://zlk.9nl.com/terraform-global

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that TerraForm Global failed to disclose material information in its Registration Statement, including failure to disclose that by the time of the IPO: (a) IPO sponsor SunEdison was experiencing unprecedented losses that would be revealed just days after the finalization of the IPO; (b) SunEdison was experiencing liquidity and debt issues that ended its ability to develop projects to sell to TerraForm Global, thus the Company's "Yield Co" business model was effectively moribund from the outset; and (c) the aggressive growth plans for SunEdison and TerraForm Global were unachievable.

If you suffered a loss in TerraForm Global you have until December 28, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com