SunEdison faces a 401(k) lawsuit from employees

Maryland Heights-based renewable energy developer SunEdison is on the receiving end of another lawsuit filed Tuesday.

This time the plaintiffs, Julie Dull and Eric O’Day, are employees alleging the company kept SunEdison stock in its 401(k) plan even though company officials knew it was performing poorly.

The suit asks for a judgment that the defendants, including CEO Ahmad Chatila and various board members, breached their Employee Retirement Income Security Act fiduciary duties, and for various monetary damages.

A SunEdison spokesman declined to comment on the lawsuit.

Read more: St. Louis Business Journal

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