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 during the Class Period, 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/20160818006318/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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