SAN FRANCISCO, CA / ACCESSWIRE / December 10, 2019 / Hagens Berman alerts Vivint Solar, Inc. (NYSE:VSLR) investors of today's deadline to move for lead plaintiff in a securities fraud class action pending against the Company and urges VSLR investors who have suffered losses to contact the firm immediately.
Class Period: Mar. 5, 2019 - Sept. 26, 2019
Lead Plaintiff Deadline: Dec. 10, 2019
Sign Up: www.hbsslaw.com/investor-fraud/VSLR
Contact An Attorney Now: [email protected]
844-916-0895
Vivint Solar, Inc. (VSLR) Class Action:
According to the Complaint, Defendants concealed Vivint Solar's illegal business practices, including forging customer contracts and, as a result, Defendants overstated the Company's reported sales and megawatts installed.
According to a scathing report published by Marcus Aurelius Value on September 27, 2019, the research firm found 28 undisclosed lawsuits that specifically allege Vivint defrauded its most vulnerable customers, including the elderly, handicapped and non-English speaking families, by "forg[ing] the signatures of homeowners, complete strangers, relatives, neighbors and even a dead person onto sham solar contracts."
If you invested in Vivint Solar between Mar. 5, 2019 and Sept. 26, 2019 and suffered significant losses (in excess of $50,000) you may qualify to be a lead plaintiff - one who selects and oversees the attorneys prosecuting the case. Submit a loss form or contact Reed Kathrein, the Hagens Berman partner leading the investigation, to obtain additional information about this case or being a lead plaintiff.
"We're focused on investors' losses and whether Vivint has boosted sales through outright fraud and forgery to close deals," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Vivint Solar should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
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Contact:
Reed Kathrein, 510-725-3000
SOURCE: Hagens Berman Sobol Shapiro LLP