Vivint Solar Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Vivint Solar Inc |
Stock Symbol : | NYSE: VSLR |
Class Period Start: | 03/05/2019 |
Class Period End: | 09/26/2019 |
Lead Plaintiff motion: | 12/11/2019 |
Date Filed: | 10/11/2019 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Eastern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the December 11, 2019 lead plaintiff deadline in a class action lawsuit filed against Vivint Solar Inc (NYSE: VSLR) (“Vivint” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Vivint Solar Inc securities between March 5, 2019 and September 26, 2019, have until December 11, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Vivint Solar Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company engaged in fraudulent practices, including forging customer contracts; as a result, the Company's reported sales and megawatts installed were overstated; these practices were reasonably likely to lead to regulatory scrutiny: as a result, the Company's earnings would be materially and adversely impacted; and as a result, Vivint’s public statements were materially false and misleading at all relevant times. On September 27, 2019, Marcus Aurelius Value published a report alleging that Vivint has "largely concealed" undisclosed lawsuits against it over fraud involving alleged forged customer contracts. Following this news, NYSE: VSLR fell, closing at $6.38 per share on October 1, 2019, thereby injuring investors. If you were negatively impacted by your investment in Vivint Solar Inc securities between March 5, 2019 and September 26, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |