NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Sunrun Inc. (NASDAQ: RUN) resulting from allegations that Sunrun may have issued materially misleading business information to the investing public.
On May 3, 2017, The Wall Street Journal reported that the U.S. Securities and Exchange Commission (“SEC”) is investigating whether Sunrun “adequately disclosed how many customers have canceled contracts after signing up for a home solar-energy system.” The report stated that the SEC “recently issued a subpoena to Sunrun and interviewed current and former employees about the adequacy of its disclosures on account cancellations.” The report added that the customer cancellation figure at Sunrun “grew to be as high as 40% earlier this year” and that “increase in cancellations caused Sunrun to halve its growth expectations in 2016 from 80% to 40%.” On this news, shares of Sunrun fell sharply during intraday trading on May 3, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Sunrun investors. If you purchased shares of Sunrun on or before May 3, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1117.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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