An investigation for investors in Vivint Solar Inc (NYSE:VSLR) shares over potential securities laws violations by Vivint Solar Inc was announced and NYSE:VSLR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/28/2016 -- An investigation for shareholders of Vivint Solar Inc over potential securities laws violations by Vivint Solar Inc in connection certain financial statements was announced.
Shares of Vivint Solar Inc (NYSE:VSLR) declined from $15.85 per share in July 2015 to as low as $2.32 per share on April 5, 2016.
Investors who purchased shares of Vivint Solar Inc (NYSE:VSLR), 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 focuses on whether certain statements by Vivint Solar Inc (NYSE:VSLR regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 20, 2015, SunEdison, Inc. (NYSE: SUNE), Vivint Solar (NYSE: VSLR) and TerraForm Power, Inc. (together with its subsidiaries, TerraForm Power) (Nasdaq: TERP), announced that SunEdison and Vivint Solar have signed a definitive merger agreement pursuant to which SunEdison will acquire Vivint Solar for approximately $2.2 billion, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes. Under the merger agreement, Vivint Solar stockholders will receive $16.50 per share, consisting of $9.89 per share in cash, $3.31 per share in SunEdison stock, and $3.30 per share in SunEdison convertible notes.
Vivint Solar announced on March 8, 2016 that it terminated the acquisition because SunEdison could not obtain funding for the transaction. Vivint Solar subsequently filed a lawsuit against SunEdison, and others, for breach of contract for failing to abide by the terms of the merger agreement.
On April 27, 2016, NYSE:VSLR shares closed at $3.60 per share.
Those who purchased shares of Vivint Solar Inc (NYSE:VSLR) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com