NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Sunrun Inc. (“Sunrun” or the “Company”) (NASDAQ: RUN). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Sunrun and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 5, 2022, Carson Block, principal of Muddy Waters, asserted in the Financial Times that Sunrun is “an uneconomic business built on three shaky pillars: the equity story of exaggerated ‘Subscriber Values’ and ‘Gross/Net Earning Assets,’ funding growth through abusing tax incentives, and issuing ABS that could be exposed to a RUN bankruptcy.”
On 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 acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980