On March 20, 2025, in Zornoza v. Terraform Global Inc. et al, No. 818-cv-02523 (D. Md. Apr. 4, 2025), a former executive of two SunEdison subsidiaries secured a $34.5 million settlement over his SOX whistleblower retaliation claims.
Carlos Domenech Zornoza (the “Executive”), the former President and CEO of two SunEdison subsidiaries, filed a whistleblower retaliation complaint with the U.S. Department of Labor in May 2016. He alleged under Section 806 of SOX that he had been terminated for raising, among other things, concerns about SunEdison’s allegedly false reporting of its projected cash holdings to company officers, directors, and the investing public, as well as potential self-dealing transactions between SunEdison and its subsidiaries. In August 2018, the Executive asserted his claims against the two subsidiaries and SunEdison, as well as several individual officers and directors of the companies, in the U.S. District Court for the District of Maryland. He sought damages exceeding $35 million, including for back pay, interest, benefits, and lost stock grants.
In January 2025, after a two-week bench trial and rounds of motion practice, the court found for the Executive on the issue of liability, and set the damages phase of the trial for a later date.
Immediately prior to the commencement of the damages phase, the Executive’s counsel announced that the Executive had agreed to a whopping $34.5 million settlement, the largest documented...
A Guatemalan national residing in the U.S. illegally has been indicted for his alleged role in smuggling a 14-year-old girl into the country. Juan Tiul Xi, 26, was indicted on Thursday for alleged...