SunEdison, Inc. Securities Litigation

June 11, 2019. Parties in the SunEdison Securities matter (Eastern District of Missouri) reached an agreement to settle the case for $74 million. Plaintiffs had alleged that SunEdison, Inc. made material misrepresentations and omissions regarding the Company’s liquidity and debt burden as it undertook aggressive expansion and acquisitions. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis and deposition testimony on market efficiency, loss causation, and damages and responded to defendants’ arguments regarding these issues.

The Court, citing Professor Feinstein’s analysis in the case, determined that Plaintiffs established the market efficiency condition for class certification.

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