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SEC Filings

10-Q
TERRAFORM GLOBAL, INC. filed this Form 10-Q on 11/08/2017
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On February 21, 2017, Mr. Gundin filed a complaint against the Company, TerraForm Power, Inc., and certain individuals, with the United States District Court for the District of Maryland. The complaint asserts claims under Section 922 of the Dodd Frank Act, as well as related common law claims, based on allegations that Mr. Gundin was terminated in retaliation for raising concerns to the SunEdison, Inc. board of directors about conduct that he believed constituted violations of federal securities laws. On March 22, 2017, the Multidistrict Litigation Panel issued a conditional transfer order, which Mr. Gundin did not oppose, and the matter was transferred to the multidistrict litigation on April 13, 2017.
On July 21, 2017, the Court held a case management conference and entered an initial scheduling order, pursuant to which the Court consolidated this case with the Zornoza whistleblower case described below.
On August 11, 2017, the Company filed a pre-motion letter describing the grounds for its anticipated motion to dismiss. Plaintiff filed a response to the pre-motion letter on September 11, 2017. On October 6, 2017, the Court held a further case management conference and entered a briefing schedule for the Company’s anticipated motion to dismiss the consolidated
complaint. On November 6, 2017, the Company filed a motion to dismiss the consolidated complaint. Plaintiff’s response is due December 21, 2017, and any reply is due January 16, 2018. The Court also stayed discovery pending resolution of the motions to dismiss.

The Company is unable to predict with certainty the ultimate resolution of this proceeding.
Carlos Domenech Zornoza Claim
On May 10, 2016, the Company’s former director and Chief Executive Officer, Carlos Domenech Zornoza, filed a complaint against the Company, TerraForm Power, Inc., and certain individuals, with the United States Department of Labor. The complaint alleges that the defendants engaged in a retaliatory termination of Mr. Domenech Zornoza’s employment on November 20, 2015 after he allegedly voiced concerns to SunEdison’s board of directors about public representations made by SunEdison officers regarding SunEdison’s liquidity position, and after he allegedly voiced his opposition to transactions that he alleges were self-interested and which he alleges SunEdison forced on the Company. He alleges that the Company participated in SunEdison’s retaliatory termination by terminating his position as Chief Executive Officer of the Company in connection with SunEdison’s termination of his employment. He seeks lost wages, bonuses, benefits, and other money that he alleges that he would have received if he had not been subjected to the allegedly retaliatory termination.
The matter will now be adjudicated in an administrative proceeding before OSHA. On October 17, 2016, the Company filed its Position Statement, which seeks dismissal of the matter in full, in response to the complaint. On March 3, 2017, Mr. Domenech Zornoza filed a response to the Company’s Position Statement and an additional Statement of Facts in support of the claim. The Company has not yet been asked by OSHA to provide a response to Mr. Domenech Zornoza’s submission.
On February 21, 2017, Mr. Domenech Zornoza filed a complaint against the Company, TerraForm Power, Inc., and certain individuals, with the United States District Court for the District of Maryland. The complaint asserts claims under Section 922 of the Dodd Frank Act, as well as related common law claims, based on allegations that Mr. Domenech Zornoza was terminated in retaliation for raising concerns to the SunEdison, Inc. board of directors about conduct that he believed constituted violations of federal securities laws. On March 22, 2017, the Multidistrict Litigation Panel issued a conditional transfer order with respect to the complaint. On April 12, 2017, Mr. Domenech Zornoza filed a motion to vacate the Multidistrict Litigation Panel’s conditional transfer order, which the defendants opposed on April 28, 2017. On May 31, 2017, the matter was transferred to the multidistrict litigation.
On July 21, 2017, the Court held a case management conference and entered an initial scheduling order, pursuant to which the Court consolidated this case with the Gundin whistleblower case described above.
On August 11, 2017, the Company filed a pre-motion letter describing the grounds for its anticipated motion to dismiss. Plaintiff filed a response to the pre-motion letter on September 11, 2017. On October 6, 2017, the Court held a further case management conference and entered a briefing schedule for the Company’s anticipated motion to dismiss the consolidated
complaint. On November 6, 2017, the Company filed a motion to dismiss the consolidated complaint. Plaintiff’s response is due December 21, 2017, and any reply is due January 16, 2018. The Court also stayed discovery pending resolution of the motions to dismiss.

The Company is unable to predict with certainty the ultimate resolution of this proceeding.

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