NEW YORK, May 23, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Sunrun, Inc. ("Sunrun" or the "Company") (NASDAQ:RUN) and certain of its officers, on behalf of shareholders who purchased Sunrun securities between September 16, 2015 through May 2, 2017, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/run.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and failed to disclose that: (1) Sunrun failed to adequately disclose how many customers canceled contracts after signing up for Sunrun’s home-solar energy system; (2) discovery of such conduct would subject Sunrun to heightened regulatory scrutiny and potential civil sanctions; and (3) consequently, Sunrun’s public statements were materially false and misleading at all relevant times.
On May 3, 2017, The Wall Street Journal reported that the U.S. Securities and Exchange Commission ("SEC") is investigating whether Sunrun has "adequately disclosed how many customers have canceled contracts after signing up for a home solar-energy system." Someone familiar with the investigation commented that "[t]he SEC recently issued a subpoena to Sunrun and interviewed current and former employees about the adequacy of its disclosures on account cancellations.” Following this news, Sunrun stock dropped $0.46 per share or over 8% to close at $4.75 on May 3, 2017.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/run or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Sunrun you have until July 3, 2017 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.