SHAREHOLDER NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit against SunPower Corp. & Encourages Investors w...
August 22 2016 - 7:03PM
Business Wire
Goldberg Law PC (the “Firm”) announces that a class action
lawsuit has been filed against SunPower Corporation (“SunPower” or
the “Company”) (Nasdaq: SPWR). Investors who purchased or otherwise
acquired shares between February 17, 2016 and August 9, 2016
inclusive (the “Class Period”) are encouraged to contact the Firm
in advance of the October 17, 2016 lead
plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the complaint, the Company made false and
misleading statements and/or failed to disclose: that many of
SunPower’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
affecting SunPower’s assumptions related to monetizing deferred
profits; that demand for the Company’s products was significantly
declining; that the Company would implement a manufacturing
realignment that would result in significant restructuring charges;
that the Company’s fiscal year 2016 guidance was overstated; and as
a result of the above, SunPower’s statements about its business,
operations, and prospects, were false and misleading and/or lacked
a reasonable basis.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160822006111/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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