News & Legal Updates Archive

SunEdison, Inc., a large renewable-energy development company that owns and operates renewable energy power plants, filed for bankruptcy on April 21, 2016, and has faced an uphill battle with its creditors ever since. In re SunEdison, Inc., et al., Case No. 16-10992 (S.D.N.Y. 2016). SunEdison is just one of the many businesses in the energy sector that have sought chapter 11 protection in 2016, but SunEdison faces an unusual battle: at the beginning of this month, the Official Committee of Unsecured Creditors (the “Committee”) filed a motion to seek standing to pursue the company’s directors and officers for claims on the company’s behalf while the bankruptcy case is ongoing. While creditors suing officers and directors in bankruptcy is commonplace, doing so during operations and while those officers and directors are still in charge of the business is rare.

McDonald Hopkins LLC has been recognized in the U.S. News - Best Lawyers rankings of “Best Law Firms.”

The EEOC recently approved an update to its initial Strategic Enforcement Plan (“SEP”) that covered fiscal years 2013 - 2016.