NEW YORK, May 22, 2017 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in
Sunrun, Inc. (“Sunrun” or the “Company”) (NASDAQ:RUN) of the July 3, 2017 deadline to seek the role of lead plaintiff in a federal
securities class action that has been filed against the Company.
If you invested in Sunrun stock or options between September 16, 2015 and May 2, 2017 and would like to discuss
your legal rights, click here: www.faruqilaw.com/RUN. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at
212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who
purchased Sunrun securities between September 16, 2015 and May 2, 2017 (the “Class Period”). The case, Fink v. Sunrun,
Inc. et al, No. 3:17-cv-02537 was filed on May 3, 2017.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading
statements and/or failing to disclose that: (i) Sunrun failed to adequately disclose how many customers canceled contracts after
signing up for the Company's home-solar energy system; (ii) consequently, discovery of this conduct would subject the Company to
heightened regulatory scrutiny and potential civil sanctions; and (iii) as a result, Sunrun's public statements were materially
false and misleading at all relevant times.
Specifically, On May 3, 2017, The Wall Street Journal published an article disclosing that the Company was
the subject of a probe initiated by the Securities and Exchange Commission (“SEC”). The article stated, among other things,
that “the 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, Sunrun’s share price fell from $5.21 per share on May 2, 2017 to a closing price of $4.75 on May 3, 2017—a $0.46
or a 8.83% drop.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is
adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff
or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Sunrun’s conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to
any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential
manner.
CONTACT: FARUQI & FARUQI, LLP 685 Third Avenue, 26th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. rgonnello@faruqilaw.com Telephone: (877) 247-4292 or (212) 983-9330