Company Website:
http://lundinlawpc.com
LOS ANGELES -- (Business Wire)
Lundin
Law PC (the “Firm”) announces that a class action lawsuit has been
filed against SunPower Corporation ("SunPower" or the "Company")
(Nasdaq: SPWR) concerning possible violations of federal securities laws
between February 17, 2016 and August 9, 2016 (the “Class Period”).
Investors who purchased or otherwise acquired shares during the Class
Period should contact the Firm in advance of the October 17, 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.
The complaint alleges that 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.
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/20160818005995/en/
Contacts:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
Source: Lundin Law PC
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