Company Website:
https://goldberglawpc.com/
LOS ANGELES -- (Business Wire)
Goldberg
Law PC, a national shareholder rights litigation firm, announces a
class action lawsuit, with a renewed lead plaintiff motion deadline,
against SunPower Corporation (“SunPower” or the “Company”) (Nasdaq:
SPWR).
Investors who purchased the Company’s shares between February 17, 2016
and August 9, 2016 inclusive (the “Class Period”), are encouraged to
contact the firm before July 21, 2017, the renewed
lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click
here to participate.
In addition, we encourage 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 free of charge. 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.
The Complaint alleges that throughout the Class Period, SunPower made
materially false and misleading statements and/or failed to disclose:
that a substantial number of its customers were adopting a longer-term
timeline for project completion; that SunPower’s near-term economic
returns were deteriorating due to aggressive PPA pricing by new market
entrants; that market disruption in the YieldCo environment was
impacting the Company’s assumptions related to monetizing deferred
profits; that as a result, demand for SunPower’s products was
significantly declining; that in response, the Company implemented a
manufacturing realignment that would result in significant restructuring
charges; that the Company’s fiscal year 2016 guidance was overstated;
and that 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. Following this news, SunPower’s stock price
dropped materially, which caused investors harm.
Goldberg Law PC represents shareholders around the world and specializes
in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170522006297/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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