SAN DIEGO, June 27, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up on July 5, 2016 in the lawsuit that was filed for certain investors in shares of Sunrun Inc (NASDAQ:RUN) over alleged Securities Laws Violations by Sunrun Inc in with Sunrun’s August 5, 2015 Initial Public Offering (“IPO”).
Shares of Sunrun Inc (NASDAQ:RUN) declined from 14.00 per share in August 2015 to as low as $4.86 per share in February 2016.
Investors who have losses in excess of $100,000 from their investment in shares of Sunrun Inc (NASDAQ:RUN) have certain options and there are short and strict deadlines running. Deadline: July 5, 2016. Those NASDAQ:RUN investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff claims that Defendants made certain allegedly false and/or misleading statements and/or failed to disclose that Sunrun’s actual historical operating costs were being understated by not identifying and disclosing the fixed grid costs being borne for it by public utilities where net metering programs were being employed, that Sunrun Inc had been charging well above wholesale rates for the electricity it was selling to its net metering customers, that contrary to having listed customers dispersed across 15 states and the District of Columbia in its Registration Statement, Sunrun Inc had a substantial 20% customer concentration in Nevada alone, that Sunrun’s ability to continue to convince customers to sign 20-year contracts—which lowers the fixed costs for installing solar systems on those customers’ houses—was in jeopardy due to the ongoing regulatory review of net metering programs in 20 of the 40 states that then permitted net metering, that because Sunrun Inc was employing an unreasonably low discount rate of 6% in calculating the value of it retained assets, it was overstating their value, and that as a result of the foregoing, at the time of the IPO on August 5, 2015, the Company’s business and financial prospects were not what defendants had led the market to believe they were in the Registration Statement.
Those who have losses in excess of $100,000 from their investment in shares of Sunrun Inc (NASDAQ:RUN) have certain options and should contact the Shareholders Foundation, Inc.
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.
CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 firstname.lastname@example.org 3111 Camino Del Rio North Suite 423 San Diego, CA 92108