NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Sunrun Inc. (“Sunrun” or the “Company”) RUN. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.
The investigation concerns whether Sunrun and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On October 5, 2022, Muddy Waters director Carson Block claimed in the financial times that Sunrun is “an uneconomical business built on three shaky pillars: the equity history of inflated ‘subscriber values’ and ‘gross/net working capital,’ financing growth through the abuse of tax incentives, and issuance of ABS that could expose RUN to bankruptcy . ”
As a result of this news, Sunrun’s stock price fell $2.42 per share, or 7.94%, to close at $28.05 per share on October 5, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.
CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
