The company has until 6 November 2013 to respond.
The petition was brought by a group of four asserted bondholders holding in aggregate approximately $1.6m of the company’s 3% Convertible Senior Notes Due 2013, representing less than 0.3% of the total aggregate principal amount of approximately $541m of notes outstanding.
On 20 September 2013, a judgment had been entered in favor of certain of such petitioning bondholders with respect to repayment of their Notes. Suntech is currently appealing such judgment.
