This whole story is complicated and seemingly wrought with corruption.
David Tepper-led hedge fund Appaloosa Management LP sued to prevent SunEdison Inc’s yieldco from taking over some of Vivint Solar Inc’s assets after SunEdison acquires the rooftop panel installer.
The yieldco, TerraForm Power Inc, is to acquire Vivint’s residential solar rooftop portfolio after SunEdison completes its acquisition of Vivint.
SunEdison offered to buy Vivint in July.
Shares of SUNE are not enjoying this news.
