BOSTON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Block & Leviton is investigating SunPower Corp. (NASDAQ: SPWR) for potential securities law violations. Investors who have lost money in their SunPower Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/spwr.
What is this all about?
After the market closed on October 24, 2023, SunPower Corp. disclosed that accounting errors related to the value of consignment inventory of microinverter components at certain third-party locations had been overstated in the range of approximately $16 million to $20 million. As a result, SunPower will be restating its financials for full year 2022, and the first and second quarters of 2023.
Shares of SunPower Corp. stock dropped more than 9% in afterhours trading on October 24, 2023.
Who is eligible?
Anyone who purchased SunPower Corp. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. We have obtained, and are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
