A Deadline is coming up on July 21, 2017 in the lawsuit for investors in SunPower Corporation (NASDAQ:SPWR) and NASDAQ:SPWR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/13/2017 -- The Shareholders Foundation announces that a deadline is coming up on July 21, 2017 in the lawsuit filed for certain investors of SunPower Corporation (NASDAQ:SPWR) over alleged securities laws violations by SunPower.
Investors who purchased shares of SunPower Corporation (NASDAQ:SPWR) between February 17, 2016, and August 9, 2016 have certain options and there are strict and short deadlines running. Deadline: July 21, 2017. NASDAQ:SPWR stockholders should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The lawsuit was initially filed on August 16, 2016 against SunPower Coporation over alleged Securities Laws Violations. The plaintiff claimed that between February 17, 2016, and August 9, 2016 the Defendants made false and/or misleading statements and/or failed to disclose that a substantial number of the Company's customers were adopting a longer-term timeline for project completion, that the Company's near-term economic returns were deteriorating due to aggressive PPA pricing by new market entrants, that market disruption in the YieldCo environment was impacting the Company's assumptions related to monetizing deferred profits, that, as such, demand for the Company's products was significantly declining, that, in response, the Company would implement a manufacturing realignment that would result in significant restructuring charges, that, as such, the Company's fiscal year 2016 guidance was overstated, and that, as a result of the foregoing, Defendants' statements about SunPower's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On December 9, 2016, the Court consolidated the two pending actions lawsuit, appointed a lead plaintiff and approved his selection of class counsel. On March 31, 2017, the lead plaintiff and his counsel moved the Court to withdraw as lead plaintiff and class counsel.
Those who purchased shares of SunPower Corporation have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego