Company Website:
https://goldberglawpc.com/
LOS ANGELES -- (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/
Contacts:
Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian
Schall, Esq., 800-977-7401
info@goldberglawpc.com
www.Goldberglawpc.com
Source: Goldberg Law PC
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