JPMorgan and Allen & Company Emerge as Big Winners in Warner Bros Discovery Bidding War 
Elon Musk Shares Bold Vision for AI, Robots, and Space at Davos 
Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices 
Ericsson Plans SEK 25 Billion Shareholder Returns as Margins Improve Despite Flat Network Market 
ByteDance Finalizes Majority U.S.-Owned TikTok Joint Venture to Avert American Ban 
Tesla Plans FSD Subscription Price Hikes as Autonomous Capabilities Advance 
FAA Says It Is Not Blocking Boeing 737 MAX 7 and MAX 10 Certification 
Sanofi Reports Positive Late-Stage Results for Amlitelimab in Eczema Treatment 
Valero Makes First Venezuelan Crude Purchase Under New U.S.-Caracas Deal 
CN Energy Group Inc. Stock Slides After Nasdaq Delisting Notice Over Bid Price Rule 
Toyota Recalls 162,000 Tundra Vehicles in U.S. Over Multimedia Display Issue 
SEC Drops Gemini Enforcement Case After Full Repayment to Earn Investors 
Walmart to Cut PhonePe Stake in IPO as Tiger Global and Microsoft Exit 
Exxon Mobil’s XTO Energy Explores Sale of Eagle Ford Shale Assets in South Texas 
U.S. Lawmakers Demand Scrutiny of TikTok-ByteDance Deal Amid National Security Concerns 
SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks 
Winter Storm Triggers Widespread Flight Cancellations Across U.S. as Airlines Urge Travelers to Rebook 
NEW YORK, May 05, 2017 -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Sunrun Inc. ("Sunrun") (NASDAQ:RUN) securities between September 10, 2015 and May 3, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra-sa/sunrun-inc?wire=3. There is no cost or obligation to you.
According to the complaint, throughout the Class Period, the Company issued materially false and misleading statements and/or failed to disclose that: (i) Sunrun failed to adequately disclose how many customers canceled contracts after signing up for the Company’s home-solar energy system; (ii) discovery of the foregoing conduct would subject the Company to heightened regulatory scrutiny and potential civil sanctions; and (iii) as a result, Sunrun’s public statements were materially false and misleading at all relevant times.
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 an “increase in cancellations caused Sunrun to halve its growth expectations in 2016 from 80% to 40%.”
If you suffered a loss in Sunrun you have until July 3, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sa/sunrun-inc?wire=3.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
