Robbins Arroyo LLP: Sunrun Inc. (RUN) Misled Shareholders According to a Recently Filed Class Action
Shareholder rights law firm Robbins Arroyo LLP announces that a class action complaint was filed against Sunrun Inc. (NasdaqGS: RUN) in the U.S. District Court
for the Northern District of California. The complaint is brought on behalf of all purchasers of Sunrun securities between
September 16, 2015 and May 2, 2017, for alleged violations of the Securities Exchange Act of 1934 by Sunrun's officers and
directors. Sunrun engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy
systems in the United States.
View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/sunrun-inc-may-17
Sunrun Accused of Hiding Canceled Contracts Figures From Investors
According to the complaint, Sunrun failed to adequately disclose in its public filings how many customers canceled contracts
after signing up for its home-solar energy system and that, as a result, Sunrun would be subject to heightened regulatory scrutiny
and potential civil sanctions. The cancelation metric is a critical way for investors to evaluate the company's health, but Sunrun
continued to provide limited transparency in this regard. On May 3, 2017, The Wall Street Journal reported that Sunrun was
the subject of a probe by the U.S. Securities and Exchange Commission ("SEC"), revealing that the SEC issued a subpoena to Sunrun
and interviewed current and former employees about the adequacy of its disclosures on account cancelations. The article further
stated that the cancelation figure grew to be as high as 40% earlier this year, causing Sunrun to halve its growth expectations in
2016 from 80% to 40%. On this news, Sunrun's share price fell $0.46, or 8.83%, to close at $4.75 per share on May 3, 2017.
Sunrun Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid
Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion
of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
Robbins Arroyo LLP
Leonid Kandinov
(619) 525-3990 or Toll Free (800) 350-6003
LKandinov@robbinsarroyo.com
www.robbinsarroyo.com
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