"SunEdison Files For Chapter 11 Bankruptcy"

"Renewable energy firm SunEdison filed for Chapter 11 bankruptcy reorganization Thursday in New York, punctuating a tumultuous period in which the company failed to deliver on energy projects it had promised and came under scrutiny for its financial reporting.

The filing does not include its two subsidiaries, TerraForm Power and TerraForm Global, which has sued the parent company over an India power deal that collapsed.

The move, which had been widely expected, also comes as the U.S. Justice Department is investigating the company's accounting practices. A SunEdison board probe recently concluded that executives delivered an 'overly optimistic' financial prognosis but made no 'material misstatements' and committed no fraud."

Nathan Bomey reports for USA TODAY April 21, 2016.