Investigation announced for Investors who lost money with shares of SunPower Corporation (NASDAQ: SPWR)

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of SunPower Corporation.

Investors who are current long term investors in SunPower Corporation (NASDAQ: SPWR) shares, 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 for current long term investors in NASDAQ: SPWR stocks follows a lawsuit filed against SunPower Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SPWR stocks, concerns whether certain SunPower Corporation directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the Defendants misled investors by failing to disclose that due to a material weakness in its internal control over financial reporting, the Company had inaccurately reported cost of revenue and inventory metrics, that as a result of the foregoing the Company was reasonably likely to incur significant charges to restate prior reporting, 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 SunPower Corporation (NASDAQ: SPWR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
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.

This release was published on openPR.