SAN DIEGO, April 19, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in for certain investors in Sunrun Inc (NASDAQ:RUN) over alleged Securities Laws violations by Sunrun Inc in connection the company’s August 5, 2015 initial public offering.
Investors who purchased shares of Sunrun Inc (NASDAQ:RUN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of investors who purchased Sunrun Inc (NASDAQ:RUN) common shares pursuant or traceable to Sunrun’s August 5, 2015, initial public stock offering (“IPO”), that the defendants violated the Securities Act of 1933. The plaintiff claims that the registration statement for the IPO was negligently prepared and, as a result, contained untrue statements of material facts or omitted to state other facts necessary to make the statements made not misleading, and was not prepared in accordance with the rules and regulations governing its preparation. For instance, the plaintiff alleges, that concerning the company’s core solar product offerings the registration statement for the IPO claimed to provide homeowners with simple, predictable pricing for solar energy that is insulated from rising retail electricity prices and that concerning the company’s strategy the registration statement for the IPO also emphasized that Sunrun continued to sell customer-friendly solar service offering with customized configurations and pricing and that these statements were false and misleading and mitted material information, such as the company was allegedly charging well above wholesale rates to its solar customers and Sunrun’s business was suffering from negative perceptions created as consumer learned this.
Shares of Sunrun Inc (NASDAQ:RUN) declined from as high as $13.74 per share in December 2015 to as low as $4.86 per share in February 2016.
Those who purchased Sunrun Inc (NASDAQ:RUN) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.