NEW YORK, May 10, 2017 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has
been filed against Sunrun Inc. (“Sunrun” or the “Company”) (Nasdaq:RUN) in the United States District Court for the Northern
District of California on behalf of a class consisting of investors who purchased Sunrun stock from September 16, 2015 through May
2, 2017, inclusive.
Investors who have incurred losses in shares of Sunrun Inc. are urged
to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information
concerning the action on our website, www.whafh.com.
If you suffered a loss in Sunrun Inc. shares and would like to assist with the litigation
process as a lead plaintiff, you may, no later than July 3, 2017, request that the Court appoint you lead
plaintiff of the proposed class.
The filed Complaint alleges Defendants made false and misleading statements and/or failed to disclose that:
- Sunrun failed to adequately disclose how many customers canceled contracts after signing up for Sunrun’s home-solar energy
system;
- discovery of such conduct would subject Sunrun to heightened regulatory scrutiny and potential civil sanctions; and
- as a result, Sunrun’s public statements were materially false and misleading at all relevant times.
On May 3, 2017, The Wall Street Journal reported that Sunrun was the subject of a probe by the
Securities and Exchange Commission (SEC) and according to a person familiar with the investigation, “[t]he SEC recently issued
a subpoena to Sunrun and interviewed current and former employees about the adequacy of its disclosures on account
cancellations.”
On this news, shares of Sunrun fell $0.46 per share or over 8% to close at $4.75 per share on May 3, 2017.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and
derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various
practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other
class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities
multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case,
please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
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Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
Attorney Advertising. Prior results do not guarantee or predict a similar outcome.
