(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.
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.