NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Vivint Solar, Inc. (“Vivint” or the “Company”) (NYSE:VSLR) common stock between October 1, 2014 (the date of Vivint’s Initial Public Offering) and November 10, 2014.
For more information, click here: http://zlk.9nl.com/vivint-solar-vslr.
The complaint alleges that Vivint failed to disclose in its final Prospectus for the IPO’s Registration Statement that ownership trends in the residential solar industry had changed from longterm leasing to financing, that demand for longterm leases had declined, and that growth in the Company’s operating expenses in the third quarter of 2014 had significantly outstripped growth in revenue, resulting in much weaker sales trends and significantly larger net losses than the market had been led to expect.
If you suffered a loss in Vivint you have until January 20, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/vivint-solar-vslr.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.