Recent Security Class Actions

Vivint Solar, Inc. (NYSE: VSLR)

Company Name:Vivint Solar, Inc.
Stock Symbol:NYSE: VSLR
Class Period Start:03/05/2019
Class Period End (inclusive):09/26/2019
Filing Deadline:12/10/2019

According to the Complaint, Vivint Solar, Inc. offers solar energy systems to residential customers through a direct-to-home sales model.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company engaged in fraudulent practices, including forging customer contracts; (2) that, as a result, the Company’s reported sales and megawatts installed were overstated; (3) that these practices were reasonably likely to lead to regulatory scrutiny: (4) that, as a result, the Company’s earnings would be materially and adversely impacted; and (5) 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.