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sweetheart-deal

SunEdison creditors launch lawsuit against lenders in bankruptcy battle

October 21, 2016 by · Leave a Comment 

By Jessica DiNapoli NEW YORK (Reuters) – A group of SunEdison Inc lenders took control of the renewable energy developer after inking a “sweetheart deal” to try to save their investment as the company approached bankruptcy, hurting other creditors, according to a lawsuit filed late Thursday in U.S. bankruptcy court. SunEdison transferred “hundreds of millions of dollars” to the lenders, which included buyout firms Apollo Global Management LLC…

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SunEdison creditors launch lawsuit against lenders in bankruptcy battle