Contact Shepherd Smith Edwards and Kantas Greenbacker Renewable Energy Attorneys to Explore Your Legal Options

Our private placement loss lawyers at Shepherd Smith Edwards and Kantas are actively investigating brokerages that unsuitably recommended Greenbacker Renewable Energy to investors who are now facing significant financial losses. Following a proposed merger with MN8 Energy Holdings that could force shareholders to absorb an 80% loss, these securities attorneys help clients evaluate their legal options to pursue recovery through FINRA arbitration.

If you are a Greenbacker Renewable Energy investor, you may want to explore your legal options. A proposed acquisition by MN8 Energy Holdings could leave shareholders of this non-traded limited liability company looking at $1.71/share – $1.83/ share (or even lower) after paying $10 -$9.186/share if the deal goes through. Greenbacker investors would be taking on a more than 80% loss.

What Share Options Will Investors Have If the Acquisition?

Shareholders still need to vote before the deal is approved. However, in the up to $375M cash-and-equity deal made with MN8 Energy, about $112.7 million would be available to them. if the acquisition goes through.

• Investors can choose cash, MN8 equity units, or a combination of both. All cash will be capped. If a shareholder wants more cash, every cash request is reduced with the difference made up with MN8 equity units.
• If the shareholder doesn’t select any of those options, then they will by default receive 100% in MN8 equity.

What Are Other Problems Impacting Greenbacker Renewable Energy and Its Investors?

• Greenbacker owns and runssolar, wind and other clean energy project
• It recently reported a Net Asset Value of $4.22/share.
• Regular distributions and share repurchases were suspended, with the latter now only allowed in the event of shareholder death or qualifying disability.
• This is a non-traded investment, which means it cannot be resold on a public market.
• Greenbacker Renewable Energy is an illiquid investment.

As a Regulation D offering, Greenbacker should only have been sold to accredited investors. Yet our private placement loss lawyers are speaking to retail investors and retirees who say their broker sold them shares in this independent power producer company.

Why Might You Have Grounds for a Greenbacker Renewable Energy Lawsuit Against Your Broker?

• There are concerns that brokers may have misrepresented this Regulation D private placement as safe, low-to-no risk, and income generating to customers.
• Due diligence failures also may be a concern, seeing as Greenbacker was dealing with problems for some time. This should have alerted financial advisors to stop selling this alternative investment.
• Allegations of conflict of interest and Regulation Best Interest (Reg BI) violations have been made by investors. Brokers made 7-10% in upfront fees and commissions for selling Greenbacker Energy Renewable. Our Regulation D offering attorneys are looking into whether financial profit led to some broker-dealers ignoring the problems facing this private placement offering.
• Alleged overconcentration of Greenbacker in some customer accounts has been raised.

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing Greenbacker Renewable Energy investors against brokers that may have unsuitably recommended this Regulation D offering to customers. This includes Claimants who recently sued WealthForge Securities for up to $500,000 in FINRA arbitration. Our clients had made it clear they didn’t want to take on any undue risks.

Discuss Your Greenbacker Renewable Energy Losses With Us Today

Contact our trusted private placement loss lawyers here or call (800) 259-9010 to schedule your free case consultation. We are a seasoned securities law firm that represents Reg D offering investors in recouping their losses from broker-dealers.