IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against SolarCity Corp. & Encourages Invest...
August 25 2016 - 12:43PM
Business Wire
Lundin Law PC (the “Firm”) announces a class action lawsuit was
filed against SolarCity Corporation ("SolarCity" or the "Company")
(Nasdaq: SCTY) concerning possible violations of federal securities
laws between May 5, 2015 and February 9, 2016 inclusive (the “Class
Period”). Investors who purchased or otherwise acquired shares
during the Class Period should contact the Firm in advance of the
October 14, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at
888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
According to the complaint, SolarCity made false and misleading
statements and/or failed to disclose: that demand for its products
was decreasing; that the Company was concealing the lower demand;
and that as a result of the above, SolarCity’s statements about its
business, operations and prospects were false and misleading and/or
lacked a reasonable basis. On October 29, 2015, SolarCity announced
that it would lower its full year 2015 guidance. This announcement
caused the Company’s stock price to fall. On February 9, 2016 the
Company announced that it fell short of its previously issued
fiscal year 2015 installation guidance. When this information was
disclosed to the public, SolarCity shares dropped in value, causing
investors harm.
Lundin Law PC was founded by Brian Lundin, a securities
litigator based in Los Angeles dedicated to upholding shareholders’
rights.
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/20160825005998/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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