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Vivint Solar to take part in SunEdison's bankruptcy case

Published 05/10/2016, 06:56 AM
Updated 05/10/2016, 07:00 AM
© Reuters. The headquarters of SunEdison is shown in this aerial photo in Belmont
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(Reuters) - Solar panel installer Vivint Solar Inc (N:VSLR) said it would participate in SunEdison Inc's (PK:SUNEQ) bankruptcy case to maximize its recovery from claims against SunEdison, which terminated its agreement to buy Vivint in March.

Vivint Solar has filed a lawsuit in Delaware against SunEdison alleging that the solar company willfully breached its obligations under their merger agreement and is seeking damages.

© Reuters. The headquarters of SunEdison is shown in this aerial photo in Belmont

SunEdison's bankruptcy filing on April 21 has created a temporary stay on the prosecution of Vivint's lawsuit, the company said in a regulatory filing on Tuesday.

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