NEW YORK, May 8, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Sunrun Inc. ("Sunrun" or the "Company") (NASDAQ: RUN), concerning whether the board has breached its fiduciary duties to shareholders.
On August 5, 2015, Sunrun conducted an initial public offering. Since going public, it has become clear that the Company relied on complex debt arrangements to fund its growth and could not sustain the revenues it forecast leading up to the initial public offering. After commencing trading at $14 per share, Sunrun stock currently trades at approximately $5 per share.
On May 3, 2017, The Wall Street Journal reported that Sunrun was the subject of an SEC probe and according to a person familiar with the investigation, "[t]he SEC recently issued a subpoena to Sunrun and interviewed current and former employees about the adequacy of its disclosures on account cancellations."
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Sunrun shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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SOURCE Harwood Feffer LLP