SunPower Lawsuit Against SunEdison Dismissed
BELMONT, Calif., Sept. 16, 2015 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company, today announced that the Northern District of California has granted the company's motion to dismiss charges filed by SunPower Corp., with leave to amend.
In June of this year, SunPower filed a lawsuit against SunEdison and certain SunEdison employees who previously worked for SunPower. The complaint alleged that former employees, among other things, violated the federal Computer Fraud and Abuse Act (CFAA) by breaching SunPower's computer use policies and misappropriating SunPower's information. SunEdison moved to dismiss the claims arising under the CFAA, SunPower's only basis for federal jurisdiction. The court granted the motion, ruling that SunPower failed to adequately plead a CFAA claim.
About SunEdison
SunEdison is the largest global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are in the United States with additional offices and technology manufacturing around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.
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SOURCE SunEdison, Inc.
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