Carlos Domenech Zornoza Vindicated After a Nine Year Legal Battle
WASHINGTON , April 3, 2025 /PRNewswire/ -- Hinckley Allen secured a historic victory with a $34.5 million recovery in favor of its client, Carlos Domenech Zornoza (Mr. Domenech), marking the culmination of a nine-year legal battle. This is the largest documented recovery for a Sarbanes-Oxley whistleblower retaliation claim since the statute was enacted in 2005 following the Enron scandal.
Mr. Domenech, the former President and CEO of Terraform Global, Inc. (Global) and Terraform Power, Inc. (TERP), and Executive Vice President of SunEdison, Inc. (SunEdison) in May 2016 filed a whistleblower retaliation lawsuit under the Sarbanes-Oxley Act (SOX) after TERP, Global, and SunEdison terminated him on November 20, 2015. Weeks before his termination, Mr. Domenech began informing the SunEdison Board of Directors that the then CEO and CFO of SunEdison were misrepresenting to the investing public the true liquidity and financial condition of SunEdison, the parent and sponsor of Global and TERP. Rather than listen to Mr. Domenech's disclosures or heed Mr. Domenech's advice about how to turn around SunEdison's financial condition, TERP, Global, and SunEdison abruptly terminated Mr. Domenech as the TERP and Global CEO and President to silence Mr. Domenech, and removed him...
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