An investigation on behalf of current long term investors in SunPower Corporation (NASDAQ: SPWR) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 04/27/2022 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of SunPower Corporation.
Investors who are current long term investors in SunPower Corporation (NASDAQ: SPWR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: SPWR stocks follows a lawsuit filed against SunPower Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SPWR stocks, concerns whether certain SunPower Corporation directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the defendants made false and misleading statements and failed to disclose that certain connectors used by SunPower suffered from cracking issues, that as a result, SunPower was reasonably likely to incur costs to remediate the faulty connectors, that consequently, SunPower's financial results would be adversely impacted, and that thus, defendants' positive statements about SunPower's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of SunPower Corporation (NASDAQ: SPWR) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.