Vivint Solar to Seek Damages for SunEdison Willful Breach of Merger Agreement

Vivint Solar recently announced that it commenced an action in the Court of Chancery of the State of Delaware suing SunEdison, Inc. over its willful breach of the merger agreement between Vivint Solar and SunEdison. Among other things, Vivint Solar is seeking damages for the benefits its stockholders expected in connection with the transaction.

Gregory Butterfield, President and CEO of Vivint Solar stated “SunEdison has willfully breached its obligations under the merger agreement and we intend to pursue Vivint Solar’s remedies vigorously.”