LOS ANGELES, CA / ACCESSWIRE / May 27, 2016 / Lundin Law PC announces a class action lawsuit has been filed against Sunrun Inc. ("Sunrun" or the "Company") (Nasdaq: RUN) concerning possible violations of federal securities laws. Investors who purchased or otherwise acquired shares traceable to the Company's Initial Public Offering (the "IPO") on August 5, 2015, have until July 5, 2016, to move as lead plaintiff.
For more information or to participate, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at [email protected].
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.
According to the complaint, the Company failed to disclose that: (1) Sunrun's actual historical operating costs were being understated by not identifying and disclosing the fixed grid costs being borne for it by public utilities where net metering programs were being employed; and (2) Sunrun had been charging well above wholesale rates for the electricity it was selling to its net metering customers.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
[email protected]
SOURCE: Lundin Law PC