Lawsuit filed for Investors with losses in shares of Vivint Solar, Inc. (NYSE: VSLR)

An investor, who purchased shares of Vivint Solar, Inc. (NYSE: VSLR), filed a lawsuit over alleged violations of Federal Securities Laws by Vivint Solar, Inc..

Investors who purchased shares of Vivint Solar, Inc. (NYSE: VSLR) have certain options and for certain investors are short and strict deadlines running. Deadline: December 10, 2019. NYSE: VSLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Lehi, UT based Vivint Solar, Inc. provides distributed solar energy primarily to residential customers in the United States. On September 27, 2019, short-seller Marcus Aurelius Value published a report stating that Vivint Solar, Inc “appears to have largely concealed a growing pattern of undisclosed lawsuits alleging the company has engaged in a nationwide fraud involving forged customer contracts.”

Shares of Vivint Solar, Inc. (NYSE: VSLR) declined from $8.20 per share on September 18, 2019 to as low as $5.86 per share on September 27, 2019.

According to the complaint the plaintiff alleges on behalf of purchasers of Vivint Solar, Inc. (NYSE: VSLR) common shares between March 5, 2019 and September 26, 2019, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between March 5, 2019 and September 26, 2019, the Defendants failed to disclose to investors that the Company engaged in fraudulent practices, including forging customer contracts, that, as a result, the Company’s reported sales and megawatts installed were overstated, that these practices were reasonably likely to lead to regulatory scrutiny, that, as a result, the Company’s earnings would be materially and adversely impacted, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Vivint Solar, Inc. (NYSE: VSLR) have certain options and should contact the Shareholders Foundation.

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

This release was published on openPR.