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U.S. Judge Denies Vivint Request to Advance SunEdison Litigation

Submitted by jhartgen@abi.org on

Bankruptcy Judge Stuart Bernstein yesterday denied Vivint Solar Inc.'s request to advance its lawsuit against bankrupt renewable energy developer SunEdison Inc. stemming from a failed merger, Reuters reported. Vivint filed a lawsuit earlier this year against SunEdison in Delaware Chancery Court after Vivint terminated its planned $2.2 billion merger with SunEdison. The lawsuit was automatically put on hold when SunEdison filed for bankruptcy protection in April. Vivint asked Judge Bernstein to allow the lawsuit to move forward so it could secure a judgment against SunEdison. Vivint has said in court papers that its claim against the bankrupt company is approximately $1 billion in damages.