BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Sunrun Inc. (“Sunrun” or the “Company”) (NASDAQ: RUN) securities between September 10, 2015, and May 3, 2017, inclusive (the “Class Period”). Sunrun investors have until July 3, 2017 to file a lead plaintiff motion in this putative class action lawsuit.
Investors suffering losses on their Sunrun investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
On May 3, 2017, the Wall Street Journal reported that the U.S. Securities and Exchange Commission is investigating whether Sunrun has adequately disclosed to investors how many customers canceled contracts after signing up for home solar-energy systems. And, on this news shares of Sunrun declined sharply in value.
The complaint filed on behalf of investors in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the Company was concealing customer cancelations from investors; (2) that the Company engaged in corrupt sales practices; (3) that, as a result of the foregoing, the Company was exposed to potential civil and criminal liability; and (4) that, as a result of the foregoing, Defendants’ statements about Sunrun’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you purchased shares of Sunrun during the Class Period you may move the Court no later than July 3, 2017 to ask the Court to appoint you as lead plaintiff in this lawsuit if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to this lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.