LOS ANGELES, May 9, 2017 /PRNewswire/ -- Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Sunrun Inc. ("Sunrun" or the "Company") (Nasdaq: RUN) concerning possible violations of federal securities laws between September 16, 2015 through May 2, 2017 inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the July 3, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at email@example.com.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, during the Class Period, Sunrun made false and/or misleading statements and/or failed to disclose that: the Company failed to adequately disclose how many customers canceled contracts after signing up for its home-solar energy system; that the discovery of such conduct would subject the Company to heightened regulatory scrutiny and potential civil sanctions; and that as a result of the above, Sunrun's public statements were materially false and misleading at all relevant times. On May 3, 2017, The Wall Street Journal reported that Sunrun was the subject of a Securities and Exchange Commission 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." Upon release of this news, Sunrun's stock price dropped materially, which harmed investors according to the Complaint.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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SOURCE Lundin Law PC