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Thursday, July 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Deutsche Bank

SESL Recovery sued Deutsche Bank Securities in superior court, claiming it fraudulently “duped” lenders into loaning SunEdison $725 million by misrepresenting the solar panel manufacturer’s financial condition just three months before it declared bankruptcy, and that it did so to “reap tens of millions of dollars in fees” and protect $1 billion of its own loans to the company

SAN FRANCISCO — SESL Recovery sued Deutsche Bank Securities in superior court, claiming it fraudulently “duped” lenders into loaning SunEdison $725 million by misrepresenting the solar panel manufacturer’s financial condition just three months before it declared bankruptcy, and that it did so to “reap tens of millions of dollars in fees” and protect $1 billion of its own loans to the company.

Categories / Business, Financial

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