Sunrun Investors Alert: Hagens Berman Alerts Investors in Sunrun Inc. to Securities Class Action Concerning Reported SEC Investigation into Disclosures of Customer Cancellation Rates and to Lead Plaintiff Deadline
SAN FRANCISCO, May 04, 2017 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Sunrun Inc. (NASDAQ:RUN) to the class action lawsuit pending in the United States District Court for the Northern District of California and to the July 3, 2017 Lead Plaintiff deadline.
If you purchased or otherwise acquired securities of Sunrun between September 16, 2015 and May 2, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing RUN@hbsslaw.com.
On May 3, 2017, The Wall Street Journal reported that the SEC is investigating whether solar energy companies are masking how many customers they are losing.
More specifically, it reported the SEC is investigating Sunrun disclosures of how many customers have canceled contracts after signing up for a home solar energy system. Moreover, according to the article “[t]he SEC recently issued a subpoena to Sunrun and interviewed current and former employees about the adequacy of its disclosures on account cancellations.”
In response to this news, the price of Sunrun shares fell over 8% on on May 3, 2017.
“The customer cancellation rate is an important metric for investors to consider, so Sunrun should be transparent about that number,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Sunrun should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email RUN@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact: Reed Kathrein, 510-725-3000
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