NEW YORK, May 3, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Sunrun, Inc. ("Sunrun" or the "Company") (NASDAQ: RUN). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Sunrun and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 3, 2017, The Wall Street Journal reported that the U.S. Securities and Exchange Commission ("SEC") is examining whether the Company has "adequately disclosed how many customers have canceled contracts after signing up for a home solar-energy system." 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."
On this news, Sunrun's share price has fallen as much as $0.27, or 5.18%, during intra-day trading on May 3, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP