TerraForm Global, Inc.

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against TerraForm Global, Inc. (NASDAQ GS: GLBL)

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities that purchased the common stock of TerraForm Global, Inc. (“TerraForm” or the “Company”) (NASDAQ GS: GLBL) in connection with the Company’s July 31, 2015 initial public offering (“IPO”), alleging violations of the Securities Exchange Act of 1933 and the Securities Exchange Act of 1934 against the Company, the sponsor of the IPO, and certain of the Company’s officers (the “Complaint”).

If you purchased shares of TerraForm in connection with its IPO, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects.  As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on July 31, 2015, TerraForm conducted an IPO in which it sold 45 million shares of stock at $15.00 per share, raising $675 million.  Less than a week later, on August 6, 2015, TerraForm’s parent company, SunEdison, Inc. (“SunEdison”), announced that it had incurred a $256 million second-quarter loss, which was five times more than the $51 million loss SunEdison posted for the same period in 2014.  SunEdison also announced that its Selling, General, & Administrative (“SG&A”) expenses had increased to $259 million for the second quarter 2015, compared to $108 million for the same period in the previous year.  Following the announcement of these SunEdison results, the price of TerraForm’s stock fell more than 17%.

Then, on October 7, 2015, SunEdison revised down its installation projections for 2016 and said it did not expect to sell any projects through next year to TerraForm Global. Rather, SunEdison will be looking exclusively for outside buyers or will hold the projects on SunEdison’s balance sheet.

Since the IPO, the price of TerraForm’s stock has dropped more than 44%, closing at $7.52 per share on October 28, 2015.

If you wish to serve as lead plaintiff, you must move the Court no later than December 28, 2015.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Attorney advertising.  Prior results do not guarantee a similar outcome.