In re Sunedison, Inc.

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August 11, 2016

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4911 Electric Services
221114 Solar Electric Power Generation
bankruptcy
cash flow, fair market value (FMV), chapter 11, insolvency, book value, shareholder equity, balance sheet
In re Sunedison, Inc.
2016 Bankr. LEXIS 2959
US
Federal Court
New York
United States Bankruptcy Court
Homer Parkhill (Rothschild, Inc.) (debtors); unknown (equity holders)
Bernstein

Summary

Court says debtors “appear to be hopelessly insolvent” and rejects shareholders’ call for equity committee; debtors’ prepetition published financials are not “dependable evidence” of assets’ fair market value, even if investors relied on balance sheets.
In re Sunedison, Inc.
PDF, Size: 76 KB

See Also

Debtors’ Balance Sheet Not Reliable Indicator of Assets’ Market Value

Court Case Digests
August 11, 2016

Court says debtors “appear to be hopelessly insolvent” and rejects shareholders’ call for equity committee; debtors’ prepetition published financials are not “dependable evidence” of assets’ fair market value, even if investors relied on balance sheets.

This article also appears in:
Business Valuation & Bankruptcy Compendium, Third Edition