LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (the “Firm”) announces a class action lawsuit has been filed against SolarCity Corporation (“SolarCity” or the “Company”) (Nasdaq: SCTY). Investors who purchased or otherwise acquired shares between May 5, 2015 and February 9, 2016 inclusive (the “Class Period”) are encouraged to contact the Firm by the October 14, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The complaint alleges that throughout the Class Period, SolarCity made false and misleading statements and/or failed to disclose: that demand for its products was decreasing; that the Company was concealing the lower demand; and that as a result of the above, SolarCity’s statements about its business, operations and prospects were false and misleading and/or lacked a reasonable basis. On October 29, 2015, SolarCity announced that it would lower its full year 2015 guidance. This announcement caused the Company’s stock price to fall. On February 9, 2016 the Company announced that it fell short of its previously issued fiscal year 2015 installation guidance. When this news was disclosed to the public, SolarCity shares fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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