RE: (“GPM”) announces the filing of a class action lawsuit on behalf of investors of SunEdison, Inc. ("SunEdison" or the "Company") (NYSE: SUNE); SunEdison Inc. (SUNE)
and its power-plant holding company, TerraForm Power Inc. (TERP)
, agreed to buy closely held First Wind Holdings Inc. for $2.4 billion;
SunEdison Appoints Paul Gaynor As EVP Of North America Utility And Global Wind announced by SunEdison on Feb. 3, 2015: http://investors.sunedison.com/phoenix.zhtml?c=106680&p=irol-ne...
Dear Attorney Portnoy: With regard to Glancy Prongay & Murray LLP (GPM) class action lawsuit filed on behalf of investors that "alleges that SunEdison and certain corporate insiders made materially misleading misrepresentations and omissions regarding SunEdison's business practices and operations...":
I am neither a SUNE nor a TERP shareholder. I am an incredulous private citizen, taxpayer and ratepayer sympathetic to SUNE/TERP shareholders as I am also burdened by:
"First Wind Cash: Scored over $778 million in stimulus funds"
With regard to SUNE, "corporate insiders made materially misleading misrepresentations and omissions", is Paul Gaynor As SunEdison "EVP Of North America Utility And Global Wind", and former CEO of UPC First Wind, a SUNE "corporate insider"?
If the answer is, "Yes", perhaps SUNE EVP Paul Gaynor and former CEO of UPC First Wind should have disclosed their affiliate and subsidiary, Italian Vento Power Corporation IVPC Director Oreste Vigorito, with partner Vito Nicastri, was the subject of "Gone With the Wind" 2009 investigation by anti-Mafia police into wind energy fraud in order to obtain public subsidies that led to the largest ever asset seizure by anti-Mafia police in Italy.
This assertion is a matter of Public Record and supported by UPC (First Wind) direct testimony highlighted (4th) below.
When Fox News reported in 2009 that wind projects were failing in Italy, yet developers continued to collect public subsidies, I noted the same thing was happening in upstate NY.
Fox News. http://www.foxnews.com/story/2009/05/05/report-mafia-invests-in-sic...
This prompted me to see if there was a connection between Italy's wind projects and the U.S. wind projects by UPC First Wind.
Evidence that demonstrates UPC First Wind affiliate and subsidiary is Italian Vento Power Corporation (IVPC):
(UPC) FIRST WIND (CEO) Paul Gaynor, the current Executive Vice President-Americas & EMEA Region for SunEdison (SUNE), is the:
'Hawaii Wind developer tied to Largest-ever asset seizure by anti-Mafia police'
(for wind energy fraud) by Andrew Walden Hawaii Free Press:
By Testimony to MA Department of Public Utilities:
Please note a below reference to "DIA" that translates to Italian anti-mafia Police: in Italian: Direzione Investigativa Antimafia
Boston-based wind developer First Wind CEO Paul Gaynor
is former Massachusetts Governor Deval Patrick’s appointed Co-chair of “The Climate Protection Advisory Committee” under the Global Warming Solutions Act
. First Wind Paul Gaynor is also co-chair of the Mass Department of Environmental Protection Advisory Committee “Low Carbon Energy Supply Subcommittee.” UPC First Wind CEO Gaynor is also the 'Hawaii Wind developer tied to Largest-ever asset seizure by anti-Mafia police'
UPC founded by Brian Caffyn changed its name to First Wind in 2008. UPC STEVE VAVRIK direct testimony of 2006, page 5, provides affiliate (IVPC). Italian Vento Power Corporation. This affiliate, Oreste Vigorito, with associate Vito Nicastri, IVPC, is the subject of Operation "Gone With the Wind", a 2009 wind fraud event. They are alleged associates of Matteo Messina Denaro Cosa Nostra "Boss of Bosses", still at large and listed by Forbes as FBI World's Ten Most Wanted.
"...As president and CEO of UPC Wind Management, located in Newton, Mass., Gaynor was tapped to bring the success of the parent company, UPC Group, to North America. In Europe and North Africa, UPC affiliates—including Italian Vento Power Corporation
—have raised over $900 million in financing and installed some 900 utility-scale wind turbine generators (WTGs), with a total capacity of more than 635 megawatts. UPC subsidiary companies, positioned across the United States and in Toronto, are currently pursing some 2,000 megawatts in projects from Maine to Maui..." http://www.wpi.edu/News/Transformations/2005Summer/windpower.html