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Goldman Sachs' 'secret' SunEdison loan at centre of KKR suit

What role did Wall Street's biggest banks play?

Tiffany Kary | Bloomberg 

As SunEdison’s bankruptcy winds toward a close, a question lingers about the demise of what was once one of the US’s most promising companies. What role did Wall Street’s biggest banks play? Goldman Sachs Group in particular, along with Deutsche Bank AG and Morgan Stanley, were involved in a margin call and a “secret” loan that contributed to SunEdison’s collapse, according to lawsuits brought by dozens of investors including KKR and Pyramid Holdings The suits, just getting started, are now the main hope for shareholders wiped out by ...

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First Published: Tue, August 01 2017. 02:11 IST