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 outrstripped 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 jlevi@zlk.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.
Copyright Business Wire 2015