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Investigation announced for investors in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) over potential Breaches of Fiduciary Duties

09-13-2022 08:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) shares.

An investigation on behalf of investors in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) shares.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Investors who purchased shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Hannon Armstrong Sustainable Infrastructure Capital, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Annapolis, MD based Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. reported that its annual Total Revenue rose from $142.68 million in 2020 to $217.88 million in 2021, and that its Net Income increased from $82.41 million in 2020 to $126.57 million in 2021.
On July 12, 2022, Muddy Waters Research published a report alleging, among other things, that Hannon Armstrong Sustainable Infrastructure Capital, Inc. inflates its earnings through a loophole relating to third parties' tax credits that will be reversed, by manipulating the discount rate applied to residual assets to "implausibly low levels", and by booking interest from non-cash "paid in kind" interest payments, which are "essentially IOUs from stressed borrowers."

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) declined to $28.68 per share on July 13, 2022.

Those who purchased shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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