Chamblee, et al. v. TerraForm Power, Inc., et al., 1:16-cv-08039-PKC
TerraForm Power Securities Litigation
1:16-MD-2742-PKC

 

Welcome to the TerraForm Power Securities Litigation Website

 

Your legal rights might be affected if you are a member of the following Settlement Class:

If you purchased securities of TerraForm Power, Inc. ("Terp" or the "Company") during the period from July 18, 2014 through March 15, 2016, both dates inclusive (the "Settlement Class Period"), you could get a payment from proposed class action settlement (the "Settlement")

 

What is this lawsuit about?

The Action involves allegations that Defendants violated certain federal securities laws by making misrepresentations or omissions of material fact concerning TERP’s internal controls over financial reporting and risks to its growth strategy. The Second Amended Securities Class Action Complaint (the “Complaint”) alleges that the misstatements or omissions artificially inflated the price of TERP securities, and that the securities prices dropped in response to certain subsequent disclosures. Defendants have denied and continue to deny each, any and all allegations of wrongdoing, fault, liability or damage whatsoever asserted in the Action. The Settlement shall in no event be construed as, or deemed to be evidence of, liability, fault, wrongdoing, injury or damages, or of any wrongful conduct, acts or omissions on the part of any of the Released Parties, or of any infirmity of any defense, or of any damages to the Plaintiffs or any other Settlement Class Member. The Settlement resolves all of the claims in the Action, as well as certain other claims or potential claims, whether known or unknown.

 

How do I obtain more information?

If you would like more information, you may contact the Claims Administrator by calling toll-free 1-888-551-9716, emailing info@TerraFormPowerSecuritiesLitigation.com or mailing a letter to:

TerraForm Power Securities Litigation
c/o JND Legal Administration
PO Box 6847
Broomfield, CO 80021

A copy of the Notice is available on the Important Documents page. Inquiries should NOT be directed to the Court, the Clerk of the Court, or Defendants.

What are my Rights and Options?

 

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT:
SUBMIT A CLAIM FORM POSTMARKED NO LATER THAN JANUARY 5, 2018 The only way to get a payment
EXCLUDE YOURSELF BY SUBMITTING A WRITTEN REQUEST THAT IS RECEIVED NO LATER THAN JANUARY 5, 2018 Get no payment. This is the only option that allows you to ever be part of any other lawsuit against Defendants or the other Released Parties about the legal claims in this case.
OBJECT BY SUBMITTING A WRITTEN OBJECTION THAT IS RECEIVED NO LATER THAN JANUARY 5, 2018 Write to the Court about why you do not like the Settlement
GO TO A HEARING ON JANUARY 31, 2018 Ask to speak in Court about the fairness of the Settlement
DO NOTHING Get no payment. Give up rights. 

For More Information

Visit this website often to get the most up-to-date information.

Address
TerraForm Power, Inc. Securities Litigation
c/o JND Legal Administration
P.O. Box 6847
Broomfield, CO 80021